Statement of Changes in Beneficial Ownership (4)
April 20 2021 - 4:25PM
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
*
Edwards Daniel L. |
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) Sr. VP Sales for North America |
(Last)
(First)
(Middle)
202 PRIDE LANE SW |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/16/2021 |
(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 | 4/16/2021 | | A | | 4501 (1) | A | $0 | 11320 | D | |
Common Stock, par value $.01 per share | 4/16/2021 | | F | | 1440 (2) | D | $27.36 | 9880 | 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 |
Explanation of Responses: |
(1) | Represents the vesting of a performance-based Restricted Stock Award granted to the reporting person on June 7, 2018 under the Lakeland Industries, Inc. 2017 Equity Incentive Plan. The number of shares that vested on April 16, 2021 was based upon the issuer's satisfaction of certain performance criteria. Such restricted stock award was not reportable under Section 16 until vesting was determined. |
(2) | Shares withheld by the issuer to pay tax on the stock that vested on April 16, 2021. |
Remarks: Exhibit 24 - Power of Attorney (filed herewith) |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Edwards Daniel L. 202 PRIDE LANE SW DECATUR, AL 35603 |
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| Sr. VP Sales for North America |
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Signatures
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/s/ Allen E. Dillard, Attorney-in-Fact | | 4/20/2021 |
**Signature of Reporting Person | Date |
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