SEC Form 4 · accession 0000813298-18-000086
DESTINATION XL GROUP, INC. · DXLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John E Kyees
Director
Period of report
Aug 31, 2018
Accepted (ET)
Sep 5, 2018 · 3:40 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 value | Aug 31, 2018 | M | 124 | $0.00 | A | 20,996 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred StockF1 | $0.00 | Aug 31, 2018 | M | 124 | D | Aug 31, 2018 | Aug 31, 2018 | Common Stock | 124 | 0 | D |
| Deferred StockF2,F3,F4 | $2.75 | Aug 31, 2018 | A | 1,090 | A | — | — | Common Stock | 1,090 | 1,090 | D |
Explanation of responses
- F1Each share of deferred stock converted into one share of common stock on August 31, 2018, when the deferred stock vested. Upon vesting, the corresponding shares of common stock were distributed under the terms of the Third Amended and Restated Non-Employee Director Compensation Plan and is reflected in Table 1.
- F2Deferred stock issued pursuant to the Director's elected form of compensation for participation in meetings of the Board of Directors and/or its committees.
- F3Each share of deferred stock is the economic equivalent of one share of common stock. The shares of deferred stock become payable in common stock at the expiration of the 3-year deferral period as elected by the Reporting Person under the terms of the Third Amended and Restated Non-Employee Director Compensation Plan.
- F4There is no set expiration date. Deferred Stock termination events are set forth in the Third Amended and Restated Non-Employee Director Compensation Plan.