4//SEC Filing
Dhoot Ujjwal 4
Accession 0001062993-22-020018
CIK 0000813298other
Filed
Sep 27, 8:00 PM ET
Accepted
Sep 28, 5:36 PM ET
Size
16.9 KB
Accession
0001062993-22-020018
Insider Transaction Report
Form 4
Dhoot Ujjwal
Chief Digital Officer
Transactions
- Exercise/Conversion
Common Stock, $0.01 par value
2022-09-26$0.75/sh+3,449$2,587→ 170,275 total - Exercise/Conversion
Common Stock, $0.01 par value
2022-09-26$0.53/sh+74,292$39,375→ 148,711 total - Exercise/Conversion
Common Stock, $0.01 par value
2022-09-26$0.69/sh+18,115$12,499→ 166,826 total - Sale
Common Stock, $0.01 par value
2022-09-27$5.50/sh−34,400$189,200→ 135,875 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2022-09-26−18,115→ 54,346 totalExercise: $0.69From: 2022-04-01Exp: 2031-03-08→ Common Stock (18,115 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
2022-09-26−3,449→ 6,900 totalExercise: $0.75From: 2022-03-09Exp: 2031-03-09→ Common Stock (3,449 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
2022-09-26−74,292→ 74,292 totalExercise: $0.53From: 2021-06-11Exp: 2030-06-11→ Common Stock (74,292 underlying)
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.
Issuer
DESTINATION XL GROUP, INC.
CIK 0000813298
Entity typeother
Related Parties
1- filerCIK 0001812939
Filing Metadata
- Form type
- 4
- Filed
- Sep 27, 8:00 PM ET
- Accepted
- Sep 28, 5:36 PM ET
- Size
- 16.9 KB