Filing Details
- Accession Number:
- 0001062993-22-020018
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-09-28 17:36:23
- Reporting Period:
- 2022-09-26
- Accepted Time:
- 2022-09-28 17:36:23
- 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 | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1812939 | Ujjwal Dhoot | C/O Destination Xl Group, Inc. 555 Turnpike Street Canton MA 02021 | Chief Marketing Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| 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 | 2022-09-26 | 74,292 | $0.53 | 148,711 | No | 4 | M | Direct | |
| Common Stock, $0.01 Par Value | Acquisiton | 2022-09-26 | 18,115 | $0.69 | 166,826 | No | 4 | M | Direct | |
| Common Stock, $0.01 Par Value | Acquisiton | 2022-09-26 | 3,449 | $0.75 | 170,275 | No | 4 | M | Direct | |
| Common Stock, $0.01 Par Value | Disposition | 2022-09-27 | 34,400 | $5.50 | 135,875 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2022-09-26 | 74,292 | $0.00 | 74,292 | $0.53 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2022-09-26 | 18,115 | $0.00 | 18,115 | $0.69 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2022-09-26 | 3,449 | $0.00 | 3,449 | $0.75 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 74,292 | 2021-06-11 | 2030-06-11 | No | 4 | M | Direct |
| 54,346 | 2022-04-01 | 2031-03-08 | No | 4 | M | Direct |
| 6,900 | 2022-03-09 | 2031-03-09 | No | 4 | M | Direct |
Footnotes
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.30 to $5.68, 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 sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- The non-qualified stock options represent the time-based portion of the 2020-2022 Long-Term Incentive Plan award to the Reporting Person. The options vest in four equal installments on June 11, 2021, April 1, 2022, April 1, 2023 and April 1, 2024. The unvested stock options are expected to be forfeited as a result of Mr. Dhoot's expected separation of service with the Company on October 11, 2022.
- The non-qualified stock options represent the time-based portion of the 2021-2023 Long-Term Incentive Plan award to the Reporting Person. The options vest in four equal installments on April 1, 2022, April 1, 2023, April 1, 2024 and April 1, 2025. The unvested stock options are expected to be forfeited as a result of Mr. Dhoot's expected separation of service with the Company on October 11, 2022.
- The non-qualified stock options represent a discretionary award to the Reporting Person pursuant to the Company's 2016 Incentive Compensation Plan. The options vest in three equal installments on March 9, 2022, March 9, 2023 and March 9, 2024. The unvested stock options are expected to be forfeited as a result of Mr. Dhoot's expected separation of service with the Company on October 11, 2022.
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