Sarah W. Rasmusen - Mar 18, 2022 Form 4 Insider Report for LANDS' END, INC. (LE)

Role: EVP, CHIEF CUSTOMER OFFICER
Signature: /s/ Peter L. Gray as attorney-in-fact for Sarah W. Rasmusen
Stock symbol: LE
Transactions as of: Mar 18, 2022
Transactions value $: -$52,719
Form type: 4
Date filed: 3/22/2022, 05:11 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	+5.74K	+69.77%	$0.00	14K	Mar 19, 2022	Direct	F1
transaction	LE	Common Stock	Tax liability	-$39.8K	-1.93K	-13.81%	$20.65	12K	Mar 19, 2022	Direct	F2
transaction	LE	Common Stock	Options Exercise	$0	+1.95K	+16.22%	$0.00	14K	Mar 19, 2022	Direct	F1
transaction	LE	Common Stock	Tax liability	-$12.9K	-625	-4.47%	$20.65	13.4K	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	+12K	+41.06%	$0.00	41.2K	Mar 18, 2022	Common Stock	12K	$0.00	Direct	F1, F3
transaction	LE	Restricted Stock Units	Options Exercise	$0	-5.74K	-13.93%	$0.00	35.4K	Mar 19, 2022	Common Stock	5.74K	$0.00	Direct	F1, F4
transaction	LE	Restricted Stock Units	Options Exercise	$0	-1.95K	-5.51%	$0.00	33.5K	Mar 19, 2022	Common Stock	1.95K	$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, 4,173 RSUs will vest on March 25, 2022; 11,474 RSUs will vest on March 19, 2023; 1,951 RSUs will vest on March 19, 2023, and 3,902 RSUs will vest on March 19, 2024; 2,996 RSUs will vest on March 18, 2023, 2,996 RSUs will vest on March 18, 2024, and 5,993 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.