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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Jones Stacey
2. Issuer Name and Ticker or Trading Symbol

DESTINATION XL GROUP, INC. [ DXLG ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Human Resources Officer
(Last)          (First)          (Middle)

C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

2/21/2021
(Street)

CANTON, MA 02021
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-Qualified Stock Options (Right to Buy) $0.6555 2/21/2021  A   24904     (1)2/21/2031 Common Stock 24904 $0 24904 D  
Restricted Stock Units $0 2/21/2021  A   8054     (2)2/21/2031 Common Stock 8054 (3)$0 8054 D  

Explanation of Responses:
(1) The non-qualified stock options ("Stock Options") represents the time-based portion of the 2020-2022 Long-Term Incentive Plan award to the Reporting Person. The Stock Options vest and become exercisable in four equal installments on February 21, 2022, April 1, 2022, April 1, 2023 and April 1, 2024.
(2) The Restricted Stock Units ("RSUs") represent the time-based portion of the 2019-2021 Long-Term Incentive Plan award to the Reporting Person. The RSUs vest and become exercisable in three equal installments on February 21, 2022, April 1, 2022 and April 1, 2023.
(3) Each RSU, as defined in the Company's 2016 Incentive Compensation Plan, represents a contingent right to receive one share of DXLG common stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Jones Stacey
C/O DESTINATION XL GROUP, INC.
555 TURNPIKE STREET
CANTON, MA 02021


Chief Human Resources Officer

Signatures
Stacey Jones2/23/2021
**Signature of Reporting PersonDate

Destination XL (NASDAQ:DXLG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Destination XL Charts.
Destination XL (NASDAQ:DXLG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Destination XL Charts.