Form 4 for DXLG DESTINATION XL GROUP, INC.
Accepted 2021-09-13 00:00:00 ET · period of report 2021-09-09 · accession 0001062993-21-008496 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-09-13 | 2021-09-09 | DXLG | KANTER HARVEY S | Pres, CEO, Dir | M - OptEx | — | +240.0K | 529.3K | +83% | — |
| D | 2021-09-13 | 2021-09-09 | DXLG | KANTER HARVEY S | Pres, CEO, Dir | F - Tax | $6.28 | -58.4K | 470.9K | -11% | -$367.0K |
| D | 2021-09-13 | 2021-09-09 | DXLG | KANTER HARVEY S | Pres, CEO, Dir | M - OptEx | $0.00 | -240.0K | 480.0K | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, $0.01 par value | 2021-09-09 | M | A | 240,000 | — | 529,338 | D | — | — | (F1) Each Performance Share represents a contingent right to receive one share of the Issuer's common stock. |
| 2 | Common | Common Stock, $0.01 par value | 2021-09-09 | F | D | 58,440 | $6.28 | 470,898 | D | — | — | (F2) Represents shares withheld from shares otherwise issuable upon vesting of Performance Shares for payment of taxes. |
| 3 | Derivative | Performance Shares | 2021-09-09 | M | D | 240,000 | $0.00 | 480,000 | D | — · — to — | 240,000 Common Stock | (F3) Performance Shares vest, if at all, in tranches when the trailing 90-day, volume-weighted average closing price of a share of the Issuer's common stock reaches specified targets during the four-year performance period ending on March 31, 2023. On September 9, 2021, the Compensation Committee of the Board of Director's of the Issuer determined that the first tranche had vested as of September 8, 2021. (F1) Each Performance Share represents a contingent right to receive one share of the Issuer's common stock. |