Charles D. Roberson - Jun 16, 2022 Form 4 Insider Report for LAKELAND INDUSTRIES INC (LAKE)

Signature
/s/ Allen E. Dillard, Attorney-in-Fact
Stock symbol
LAKE
Transactions as of
Jun 16, 2022
Transactions value $
-$18,202
Form type
4
Date filed
6/21/2022, 04:37 PM
Previous filing
Apr 25, 2022
Next filing
Feb 2, 2023

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 +2.88K +5.38% 56.4K Jun 16, 2022 Direct F1
transaction LAKE Common Stock, par value $.01 per share Tax liability -$18.2K -1.15K -2.04% $15.80 55.3K Jun 16, 2022 Direct

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 -2.88K -33.33% $0.00 5.76K Jun 16, 2022 Common Stock 2.88K 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 8,637 RSUs. 2,879 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.