Harvey S. Kanter - Oct 17, 2022 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
Oct 17, 2022
Transactions value $
-$963,605
Form type
4
Date filed
10/18/2022, 04:07 PM
Previous filing
Sep 1, 2022
Next filing
Jan 31, 2023

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 $96K +150K +40.75% $0.64 518K Oct 17, 2022 Direct
transaction DXLG Common Stock, $0.01 par value Options Exercise $117K +221K +42.66% $0.53* 739K Oct 17, 2022 Direct
transaction DXLG Common Stock, $0.01 par value Options Exercise $58K +84K +11.36% $0.69 823K Oct 17, 2022 Direct
transaction DXLG Common Stock, $0.01 par value Options Exercise $26.6K +35.4K +4.3% $0.75 859K Oct 17, 2022 Direct
transaction DXLG Common Stock, $0.01 par value Tax liability -$1.26M -225K -26.23% $5.60 633K Oct 17, 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 -150K -50% $0.00 150K Oct 17, 2022 Common Stock 150K $0.64 Direct F2
transaction DXLG Employee Stock Option (Right to Buy) Options Exercise $0 -221K -33.33% $0.00 442K Oct 17, 2022 Common Stock 221K $0.53 Direct F3
transaction DXLG Employee Stock Option (Right to Buy) Options Exercise $0 -84K -25% $0.00 252K Oct 17, 2022 Common Stock 84K $0.69 Direct F4
transaction DXLG Employee Stock Option (Right to Buy) Options Exercise $0 -35.4K -33.33% $0.00 70.8K Oct 17, 2022 Common Stock 35.4K $0.75 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.