SEC Form 4 · accession 0000813298-18-000034
DESTINATION XL GROUP, INC. · DXLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Reaves
Officer — SVP Stores Sales & Operations
Period of report
Apr 1, 2018
Accepted (ET)
Apr 4, 2018 · 4:35 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 | 10,174 | — | A | 71,723 | 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 UnitsF2,F1 | — | Apr 1, 2018 | M | 10,174 | D | — | — | Common Stock | 10,174 | 10,174 | D |
| Restricted Stock UnitsF3,F1 | — | Apr 2, 2018 | A | 16,320 | A | — | — | Common Stock | 16,320 | 16,320 | D |
Explanation of responses
- F1Restricted stock units ("RSU") convert into common stock on a one-for-one basis.
- F2On April 14, 2016, the Reporting Person was granted, under the 2016-2017 Long-Term Incentive Plan, 20,348 RSUs, vesting in two equal installments on April 1, 2018 and April 1, 2019.
- F3Represents 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.