Peter L. Gray - May 8, 2021 Form 4 Insider Report for LANDS' END, INC. (LE)

Role
EVP, CAO and General Counsel
Signature
/s/ Peter L. Gray
Stock symbol
LE
Transactions as of
May 8, 2021
Transactions value $
-$61,185
Form type
4
Date filed
5/11/2021, 04:17 PM
Next filing
Mar 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LE Common Stock Options Exercise $0 +5.68K +10.18% $0.00 61.5K May 8, 2021 Direct F1
transaction LE Common Stock Tax liability -$61.2K -2.52K -4.1% $24.27 59K May 8, 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 LE Restricted Stock Units Options Exercise $0 -5.68K -11.84% $0.00 42.3K May 8, 2021 Common Stock 5.68K $0.00 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.
F2 Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.
F3 This RSU award was granted on May 8, 2017, with vesting in four installments on May 8, 2018 (25%), May 8, 2019 (25%), May 8, 2020 (25%) and May 8, 2021 (25%).
F4 Of the total number of RSUs, 8,789 RSUs will vest on March 25, 2022; 7,694 RSUs will vest on March 19, 2022, and 15,389 RSUs will vest on March 19, 2023; 2,616 RSUs will vest on March 19, 2022, 2,617 RSUs will vest on March 19, 2023, and 5,234 RSUs will vest on March 19, 2024; subject in each case to the satisfaction of vesting conditions, including as applicable, continued employment or a continuous business relationship.