Statement of Changes in Beneficial Ownership (4)
April 02 2020 - 1:10PM
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
*
KANTER HARVEY S |
2. Issuer Name and Ticker or Trading Symbol
DESTINATION XL GROUP, INC.
[
DXLG
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO |
(Last)
(First)
(Middle)
C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/1/2020 |
(Street)
CANTON, MA 02021
(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, $0.01 par value | 4/1/2020 | | M | | 60000 | A | $0 (1) | 128000 | 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 |
Restricted Stock Units | (1) | 4/1/2020 | | M | | | 60000 (2) | 4/1/2020 | (3) | Common Stock | 60000 | $0 | 180000 | D | |
Explanation of Responses: |
(1) | Restricted stock units ("RSU") convert into common stock on a one-for-one basis. |
(2) | Represents RSUs for time-based compensation granted to the Reporting Person under the terrms of the Employment Agreement dated February 19, 2019. |
(3) | Under the terrms of the Employment Agreement dated February 19, 2019, the remaining 180,000 RSUs vests in three equal installments on April 1, 2021, April 1, 2022 and April 1, 2023. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
KANTER HARVEY S C/O DESTINATION XL GROUP, INC. 555 TURNPIKE STREET CANTON, MA 02021 | X |
| President and CEO |
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Signatures
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Harvey S. Kanter | | 4/2/2020 |
**Signature of Reporting Person | Date |
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