Jeffery Neil Stillwell - Nov 22, 2021 Form 4 Insider Report for DELTA APPAREL, INC (DLA)

Role
President, Salt Life Group
Signature
/s/ Deborah H. Merrill, POA
Stock symbol
DLA
Transactions as of
Nov 22, 2021
Transactions value $
-$269,130
Form type
4
Date filed
11/24/2021, 03:11 PM
Previous filing
Oct 13, 2021
Next filing
Jan 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLA Common Stock, $0.01 Par Value Options Exercise $0 +6K +14.64% $0.00 47K Nov 22, 2021 Direct F1, F2
transaction DLA Common Stock, $0.01 Par Value Disposed to Issuer -$90K -3K -6.39% $30.01 44K Nov 22, 2021 Direct F3
transaction DLA Common Stock, $0.01 Par Value Award $0 +6.36K +14.46% $0.00 50.3K Nov 22, 2021 Direct F2, F4
transaction DLA Common Stock, $0.01 Par Value Disposed to Issuer -$95.4K -3.18K -6.32% $30.01 47.2K Nov 22, 2021 Direct F5
transaction DLA Common Stock, $0.01 Par Value Tax liability -$83.7K -2.79K -5.91% $30.01 44.4K Nov 22, 2021 Direct F6

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 DLA Restricted Stock Units Options Exercise $0 -6K -100% $0.00* 0 Nov 22, 2021 Common Stock, $0.01 Par Value 6K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were acquired in connection with the vesting of service-based restricted stock units. One-half of the vested restricted stock units convert into Delta Apparel, Inc. common stock on a one-for-one basis and the remaining half convert into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
F2 Each restricted stock unit represents the right to receive one share of common stock of Delta Apparel, Inc. or the cash equivalent.
F3 These shares were disposed of in connection with the conversion of half of the 6,000 vested restricted units into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
F4 These shares were acquired in connection with the vesting of performance-based restricted stock units. One-half of the vested restricted stock units convert into Delta Apparel, Inc. common stock on a one-for-one basis and the remaining half convert into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
F5 These shares were disposed of in connection with the conversion of half of the 6,360 vested restricted units into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
F6 These shares were withheld by Delta Apparel, Inc. for the payment of a tax liability incident to the vesting of both performance-based and service-based restricted stock units.
F7 The restricted stock units vested upon the November 22, 2021, filing of the Company's Annual Report on Form 10-K for its fiscal year ended October 2, 2021.