Allen E. Dillard - 16 Jun 2021 Form 4 Insider Report for LAKELAND INDUSTRIES INC (LAKE)

Role
Chief Financial Officer
Signature
/s/ Allen E. Dillard
Issuer symbol
LAKE
Transactions as of
16 Jun 2021
Net transactions value
$0
Form type
4
Filing time
21 Jun 2021, 10:27:48 UTC
Next filing
02 Nov 2021
SEC
View on sec.gov

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 LAKE Restricted Stock Units Award $0 +4,923 +30% $0.000000 21,523 16 Jun 2021 Common Stock 4,293 $0.000000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person was granted restricted stock units ("RSU") which represents a contingent right to receive one share of Common Stock, par value $.01 per share, of the issuer for each RSU. The RSU's vest 1/3 on the first anniversary of the date of grant, 1/3 at the end of the second year of the performance period and 1/3 at the end of the third year of the performance period; provided that, the reporting person remains in continuous service through the vesting date. These RSU's are part of a larger grant of RSU's, the vesting of the remainder of which is subject to achievement of certain performance conditions, as well as continued service through the vesting date.
F2 Includes 16,600 stock options that were previously reported.