SEC Form 4 · accession 0000813298-19-000016
DESTINATION XL GROUP, INC. · DXLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Harvey S Kanter
Officer — Advisor to the Acting CEO
Period of report
Feb 19, 2019
Accepted (ET)
Feb 21, 2019 · 1:49 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000813298
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $2.50 | Feb 19, 2019 | A | 240,000 | A | Apr 1, 2020 | Feb 19, 2029 | Common Stock | 240,000 | 240,000 | D |
| Performance SharesF3,F4 | $2.50 | Feb 19, 2019 | A | 720,000 | A | — | — | Common Stock | 720,000 | 720,000 | D |
Explanation of responses
- F1Each restricted stock unit ("RSUs"), as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right to receive one share of DXLG common stock.
- F2Represents a grant of RSUs which vests in four equal installments on April 1, 2020, April 1, 2021, April 1, 2022 and April 1, 2023.
- F3Each Performance Share ("P Share"), as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right to receive one share of DXLG common stock.
- F4The P Shares shall vest, if at all, in tranches when the trailing 90-day volume-weighted average closing price of a share of the Issuer's common stock reaches specified targets during the four-year performance period ending on March 31, 2023.