Harvey S. Kanter - 15 Oct 2021 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role
President and CEO, Director
Signature
Harvey S. Kanter
Issuer symbol
DXLG
Transactions as of
15 Oct 2021
Net transactions value
-$565,827
Form type
4
Filing time
18 Oct 2021, 16:51:14 UTC
Previous filing
13 Sep 2021
Next filing
12 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DXLG Common Stock, $0.01 par value Options Exercise $96,000 +150,000 +32% $0.6400 620,898 15 Oct 2021 Direct
transaction DXLG Common Stock, $0.01 par value Options Exercise $117,141 +221,020 +36% $0.5300* 841,918 15 Oct 2021 Direct
transaction DXLG Common Stock, $0.01 par value Tax liability $778,968 -131,805 -16% $5.91 710,113 15 Oct 2021 Direct F1

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 DXLG Employee Stock Option (Right to Buy) Options Exercise $0 -150,000 -33% $0.000000 300,000 15 Oct 2021 Common Stock 150,000 $0.6400 Direct F2
transaction DXLG Employee Stock Option (Right to Buy) Options Exercise $0 -221,020 -25% $0.000000 663,060 15 Oct 2021 Common Stock 221,020 $0.5300 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld from shares otherwise issuable upon exercise of the options to cover estimated withholding taxes, based on the closing price of the Issuer's common stock of $5.91 on the date immediately preceding the transaction date.
F2 The option vests in three equal installments. 150,000 options became exercisable on June 10, 2021. 150,000 options will become exercisable April 1, 2022 and 150,000 options will become exercisable on April 1, 2023.
F3 The non-qualified stock options represent the time-based portion of the 2020-2021 Long-Term Incentive Plan award to the Reporting Person. The option vests in four equal installments. 221,020 options became exercisable on June 11, 2021. 221,020 options will become exercisable on April 1, 2022, 221,020 options will become exercisable on April 1, 2023 and 221,020 options will become exercisable on April 1, 2023.