SEC Form 4 · accession 0000813298-18-000030
DESTINATION XL GROUP, INC. · DXLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sahal S Laher
Officer — SVPChief Digital & InfoOfficer
Period of report
Apr 1, 2018
Accepted (ET)
Apr 4, 2018 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000813298
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par valueF1 | Apr 1, 2018 | M | 12,068 | — | A | 45,401 | D | |
| Common Stock, $0.01 par valueF2 | Apr 1, 2018 | F | 3,446 | $1.75 | D | 41,955 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1 | — | Apr 1, 2018 | M | 12,068 | D | — | — | Common Stock | 12,068 | 12,068 | D |
| Restricted Stock UnitsF4,F1 | — | Apr 2, 2018 | A | 12,379 | A | — | — | Common Stock | 12,379 | 12,379 | D |
Explanation of responses
- F1Restricted stock units ("RSU") convert into common stock on a one-for-one basis.
- F2Represents shares withheld from shares otherwise issuable upon vesting of RSUs for payment of taxes.
- F3On January 30, 2017, the Reporting Person was granted, under the 2016-2017 Long-Term Incentive Plan, 24,136 RSUs, vesting in two equal installments on April 1, 2018 and April 1, 2019.
- F4Represents RSUs for performance-based compensation granted to the Reporting Person based on the Company's performance over the applicable performance period under the 2016-2017 Long-Term Incentive Plan. The RSUs vest on August 31, 2018.