Allen E. Dillard - Jun 16, 2022 Form 4 Insider Report for LAKELAND INDUSTRIES INC (LAKE)

Role: COO & CFO
Signature: /s/ Allen E. Dillard
Stock symbol: LAKE
Transactions as of: Jun 16, 2022
Transactions value $: -$7,774
Form type: 4
Date filed: 6/21/2022, 04:28 PM
Previous filing: Apr 25, 2022
Next filing: Sep 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAKE	Common Stock, par value $.01 per share	Options Exercise		+1.64K	+5.7%		30.4K	Jun 16, 2022	Direct	F1
transaction	LAKE	Common Stock, par value $.01 per share	Tax liability	-$7.77K	-492	-1.62%	$15.80	29.9K	Jun 16, 2022	Direct

Showing 1 to 2 of 2 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LAKE	Restricted Stock Units	Options Exercise	$0	-1.64K	-33.33%	$0.00	3.28K	Jun 16, 2022	Common Stock	1.64K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2	On June 16, 2021, the reporting person was granted 4,923 RSUs. 1,641 of the RSUs vested on June 16, 2022, another 1/3 of the RSUs will vest at the end of the second year of the performance period and the remaining 1/3 of the RSUs will vest at the end of the third year of the performance period; provided that, the reporting person remains in continuous service through the vesting date. These RSUs are part of a larger grant of RSUs, the vesting of the remainder of which is subject to achievement of certain performance conditions, as well as continued service through the vesting date.

Content

Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.

On June 16, 2021, the reporting person was granted 4,923 RSUs. 1,641 of the RSUs vested on June 16, 2022, another 1/3 of the RSUs will vest at the end of the second year of the performance period and the remaining 1/3 of the RSUs will vest at the end of the third year of the performance period; provided that, the reporting person remains in continuous service through the vesting date. These RSUs are part of a larger grant of RSUs, the vesting of the remainder of which is subject to achievement of certain performance conditions, as well as continued service through the vesting date.