Jerome Griffith - Mar 18, 2022 Form 4 Insider Report for LANDS' END, INC. (LE)

Role: Chief Executive Officer, Director
Signature: /s/ Peter L. Gray as attorney-in-fact for Jerome S. Griffith
Stock symbol: LE
Transactions as of: Mar 18, 2022
Transactions value $: -$275,574
Form type: 4
Date filed: 3/22/2022, 05:09 PM
Previous filing: Nov 5, 2021
Next filing: Mar 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LE	Common Stock	Options Exercise	$0	+31.2K		$0.00	31.2K	Mar 19, 2022	Direct	F1
transaction	LE	Common Stock	Tax liability	-$206K	-9.98K	-32%	$20.65	21.2K	Mar 19, 2022	Direct	F2
transaction	LE	Common Stock	Options Exercise	$0	+10.5K	+49.6%	$0.00	31.7K	Mar 19, 2022	Direct	F1
transaction	LE	Common Stock	Tax liability	-$69.5K	-3.37K	-10.61%	$20.65	28.4K	Mar 19, 2022	Direct	F2
holding	LE	Common Stock						307K	Mar 18, 2022	Jerome Griffith Revocable Trust

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	+61K	+35.41%	$0.00	233K	Mar 18, 2022	Common Stock	61K	$0.00	Direct	F1, F3
transaction	LE	Restricted Stock Units	Options Exercise	$0	-31.2K	-13.36%	$0.00	202K	Mar 19, 2022	Common Stock	31.2K	$0.00	Direct	F1, F4
transaction	LE	Restricted Stock Units	Options Exercise	$0	-10.5K	-5.2%	$0.00	192K	Mar 19, 2022	Common Stock	10.5K	$0.00	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, 36,714 RSUs vest will on March 25, 2022; 62,366 RSUs will vest on March 19, 2023; 10,518 RSUs will vest on March 19, 2023, and 21,035 RSUs will vest on March 19, 2024; 15,254 RSUs will vest on March 18, 2023, 15,254 RSUs will vest on March 18, 2024, and 30,508 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.