Peter L. Gray - 18 Mar 2022 Form 4 Insider Report for LANDS' END, INC. (LE)

Role: EVP, CAO and General Counsel
Signature: /s/ Peter L. Gray
Issuer symbol: LE
Transactions as of: 18 Mar 2022
Net transactions value: -$64,160
Form type: 4
Filing time: 22 Mar 2022, 17:09:03 UTC
Previous filing: 11 May 2021
Next filing: 28 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LE	Common Stock	Options Exercise	$0	+7,694	+13%	$0.000000	66,706	19 Mar 2022	Direct	F1
transaction	LE	Common Stock	Tax liability	$47,929	-2,321	-3.5%	$20.65	64,385	19 Mar 2022	Direct	F2
transaction	LE	Common Stock	Options Exercise	$0	+2,616	+4.1%	$0.000000	67,001	19 Mar 2022	Direct	F1
transaction	LE	Common Stock	Tax liability	$16,231	-786	-1.2%	$20.65	66,215	19 Mar 2022	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	Award	$0	+15,714	+37%	$0.000000	58,053	18 Mar 2022	Common Stock	15,714	$0.000000	Direct	F1, F3
transaction	LE	Restricted Stock Units	Options Exercise	$0	-7,694	-13%	$0.000000	50,359	19 Mar 2022	Common Stock	7,694	$0.000000	Direct	F1, F4
transaction	LE	Restricted Stock Units	Options Exercise	$0	-2,616	-5.2%	$0.000000	47,743	19 Mar 2022	Common Stock	2,616	$0.000000	Direct	F1, F5, F6

* 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	These are time-based RSUs that will vest, subject to satisfaction of vesting conditions including a continuous business relationship, in three annual installments on March 18, 2023 (25%), March 18, 2024 (25%) and March 18, 2025 (50%).
F4	This RSU award was granted on March 19, 2020, with vesting in three installments on March 19, 2021 (25%), March 19, 2022 (25%) and March 19, 2023 (50%).
F5	This RSU award was granted on March 19, 2021, with vesting in three installments on March 19, 2022 (25%), March 19, 2023 (25%) and March 19, 2024 (50%).
F6	Of the total number of RSUs, 8,789 RSUs will vest on March 25, 2022; 15,389 RSUs will vest on March 19, 2023; 2,617 RSUs will vest on March 19, 2023, and 5,234 RSUs will vest on March 19, 2024; 3,928 RSUs will vest on March 18, 2023, 3,929 RSUs will vest on March 18, 2024, and 7,857 RSUs will vest on March 18, 2025; subject in each case to the satisfaction of vesting conditions, including as applicable, continued employment or a continuous business relationship.