Harvey S. Kanter - Nov 10, 2021 Form 4 Insider Report for DESTINATION XL GROUP, INC. (DXLG)

Role
President and CEO, Director
Signature
Harvey S. Kanter
Stock symbol
DXLG
Transactions as of
Nov 10, 2021
Transactions value $
-$720,577
Form type
4
Date filed
11/12/2021, 05:49 AM
Previous filing
Oct 18, 2021
Next filing
Feb 2, 2022

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 +240K +33.8% 950K Nov 10, 2021 Direct F1
transaction DXLG Common Stock, $0.01 par value Tax liability -$721K -94.4K -9.94% $7.63 856K Nov 10, 2021 Direct F2

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 Performance Shares Options Exercise $0 -240K -50% $0.00 240K Nov 10, 2021 Common Stock 240K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Share represents a contingent right to receive one share of the Issuer's common stock.
F2 Represents shares withheld from shares otherwise issuable upon vesting of Performance Shares for payment of taxes.
F3 Performance Shares 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. On November 10, 2021, the Compensation Committee of the Board of Director's of the Issuer determined that the second tranche had vested as of November 10, 2021.