BERNARD LOUIS McCRACKEN III - Mar 18, 2022 Form 4 Insider Report for LANDS' END, INC. (LE)

Role
VP, Controller & Chf Acct Ofc
Signature
/s/ Peter L. Gray as attorney-in-fact for Bernard L. McCracken
Stock symbol
LE
Transactions as of
Mar 18, 2022
Transactions value $
-$20,423
Form type
4
Date filed
3/22/2022, 05:10 PM
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 +2.02K +19.36% $0.00 12.5K Mar 19, 2022 Direct F1
transaction LE Common Stock Tax liability -$15.6K -755 -6.05% $20.65 11.7K Mar 19, 2022 Direct F2
transaction LE Common Stock Options Exercise $0 +626 +5.34% $0.00 12.3K Mar 19, 2022 Direct F1
transaction LE Common Stock Tax liability -$4.83K -234 -1.89% $20.65 12.1K Mar 19, 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 +3.73K +34.18% $0.00 14.6K Mar 18, 2022 Common Stock 3.73K $0.00 Direct F1, F3
transaction LE Restricted Stock Units Options Exercise $0 -2.02K -13.83% $0.00 12.6K Mar 19, 2022 Common Stock 2.02K $0.00 Direct F1, F4
transaction LE Restricted Stock Units Options Exercise $0 -626 -4.96% $0.00 12K Mar 19, 2022 Common Stock 626 $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, 2,328 RSUs will vest on March 25, 2022; 4,051 RSUs will vest on March 19, 2023; 626 RSUs will vest on March 19, 2023, and 1,252 RSUs will vest on March 19, 2024; 932 RSUs will vest on March 18, 2023, 932 RSUs will vest on March 18, 2024, and 1,864 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.