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Filing Details

Accession Number:: 0000813298-20-000010
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-01-17 16:01:45
Reporting Period:: 2020-01-15

Accepted Time:: 2020-01-17 16:01:45
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
813298	Destination Xl Group Inc.	DXLG	Retail-Family Clothing Stores (5651)	042623104

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1374566	Willem Mesdag	C/O Red Mountain Capital Management, Inc 10100 Santa Monica Boulevard, Suite 925 Los Angeles CA 90067	Yes	No	Yes	No
1374588	Red Mountain Capital Partners Llc	10100 Santa Monica Boulevard Suite 925 Los Angeles CA 90067	No	No	Yes	No
1374603	Red Mountain Partners, L.p.	10100 Santa Monica Boulevard Suite 925 Los Angeles CA 90067	No	No	Yes	No
1374606	Rmcp Gp Llc	10100 Santa Monica Boulevard Suite 925 Los Angeles CA 90067	No	No	Yes	No
1374607	Red Mountain Capital Management Inc	10100 Santa Monica Boulevard Suite 925 Los Angeles CA 90067	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.01 Par Value	Acquisiton	2020-01-15	175,000	$1.13	8,234,877	No	4	P	Indirect	See Footnote
Common Stock, $0.01 Par Value	Acquisiton	2020-01-16	150,000	$1.19	8,384,877	No	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote

Footnotes

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.10 to $1.16, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
These shares of common stock were purchased by Red Mountain Capital Partners LLC ("RMCP LLC") on the open market on January 15th and 16th, 2020. 7,522,354 of these shares are held directly by Red Mountain Partners, L.P. ("RMP") and the remaining 862,523 shares are held directly by RMCP LLC. This Form 4 is jointly filed by (i) RMP, (ii) RMCP GP LLC ("RMCP GP"), (iii) RMCP LLC, (iv) Red Mountain Capital Management, Inc. ("RMCM"), and (v) Mr. Mesdag. RMCP GP is the general partner of RMP. RMCP LLC is the managing member of RMCP GP. RMCM is the managing member of RMCP LLC. Mr. Mesdag is the president, sole executive officer, sole director and sole shareholder of RMCM. Each of Mr. Mesdag, RMCM, RMCP LLC, and RMCP GP, by virtue of their direct or indirect control of RMP, may be deemed to beneficially own some or all of the securities reported as being held by RMP. Each of Mr. Mesdag and RMCM, by virtue of their direct or indirect control of RMCP LLC, may be deemed to beneficially own some or all of the securities reported as being held by RMCP LLC. Each of the reporting persons hereunder disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein. This Form 4 shall not be deemed to be an admission that any reporting person hereunder is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.18 to $1.25, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (3) to this Form 4.