Statement of Changes in Beneficial Ownership (4)
December 23 2020 - 9:43AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
DILLARD ALLEN E |
2. Issuer Name and Ticker or Trading Symbol
LAKELAND INDUSTRIES INC
[
LAKE
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer |
(Last)
(First)
(Middle)
202 PRIDE LANE SW |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/22/2020 |
(Street)
DECATUR, AL 35603
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, par value $.01 per share | 12/22/2020 | | M | | 8300 (1) | A | $11.17 | 17657 | D | |
Common Stock, par value $.01 per share | 12/22/2020 | | F | | 3603 (1) | D | $25.73 | 14054 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (Right to Buy) | $11.17 | 12/12/2020 | | M | | | 8300 | 8/12/2020 | 8/11/2029 | Common Stock | 8300 | $0 | 16600 (2) | D | |
Explanation of Responses: |
(1) | Represents 8,300 shares acquired as a result of Reporting Person's cashless exercise of a stock option awarded on August 12, 2019 pursuant to which 3,603 shares underlying the stock options were surrendered to the Issuer as payment of the exercise price. |
(2) | As previously reported, on August 12, 2019, the Reporting Person was awarded a stock option to purchase 24,900 shares of the common stock of the Issuer. These stock options vest in three equal annual installments which began on August 12, 2020, subject to continued employment through the vesting date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
DILLARD ALLEN E 202 PRIDE LANE SW DECATUR, AL 35603 |
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| Chief Financial Officer |
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Signatures
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/s/ Allen E. Dillard | | 12/23/2020 |
**Signature of Reporting Person | Date |
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