Harvey S. Kanter - 17 Oct 2022 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
17 Oct 2022
Net transactions value
-$963,605
Form type
4
Filing time
18 Oct 2022, 16:07:26 UTC
Previous filing
01 Sep 2022
Next filing
31 Jan 2023
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 +41% $0.6400 518,070 17 Oct 2022 Direct
transaction DXLG Common Stock, $0.01 par value Options Exercise $117,141 +221,020 +43% $0.5300* 739,090 17 Oct 2022 Direct
transaction DXLG Common Stock, $0.01 par value Options Exercise $57,953 +83,990 +11% $0.6900 823,080 17 Oct 2022 Direct
transaction DXLG Common Stock, $0.01 par value Options Exercise $26,566 +35,422 +4.3% $0.7500 858,502 17 Oct 2022 Direct
transaction DXLG Common Stock, $0.01 par value Tax liability $1,261,266 -225,226 -26% $5.60 633,276 17 Oct 2022 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 -50% $0.000000 150,000 17 Oct 2022 Common Stock 150,000 $0.6400 Direct F2
transaction DXLG Employee Stock Option (Right to Buy) Options Exercise $0 -221,020 -33% $0.000000 442,040 17 Oct 2022 Common Stock 221,020 $0.5300 Direct F3
transaction DXLG Employee Stock Option (Right to Buy) Options Exercise $0 -83,990 -25% $0.000000 251,970 17 Oct 2022 Common Stock 83,990 $0.6900 Direct F4
transaction DXLG Employee Stock Option (Right to Buy) Options Exercise $0 -35,422 -33% $0.000000 70,843 17 Oct 2022 Common Stock 35,422 $0.7500 Direct F5
* 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 the exercise price and withholding taxes, based on the closing price of the Issuer's common stock of $5.60 on the date immediately preceding the transaction date.
F2 The non-qualified stock options ("Stock Options") vests in three equal installments. 150,000 Stock Options became exercisable on June 10, 2021 and 150,000 Stock Options became exercisable on April 1, 2022. 150,000 Stock Options will become exercisable on April 1, 2023.
F3 The Stock Options represent the time-based portion of the 2020-2022 Long-Term Incentive Plan award to the Reporting Person. The Stock Options are exercisable in four equal installments on June 11, 2021, April 1, 2022, April 1, 2023 and April 1, 2024.
F4 The Stock Options represent the time-based portion of the 2021-2023 Long-Term Incentive Plan award to the Reporting Person. The Stock Options are exercisable in four equal installments on April 1, 2022, April 1, 2023, April 1, 2024 and April 1, 2025.
F5 The Stock Options represent a discretionary award to the Reporting Person pursuant to the Company's 2016 Incentive Compensation Plan. The Stock Options are exercisable in three equal installments on March 9, 2022, March 9, 2023 and March 9, 2024.