Initial Statement of Beneficial Ownership (3)
May 28 2020 - 12:28PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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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
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Dhoot Ujjwal |
2. Date of Event Requiring Statement (MM/DD/YYYY)
5/27/2020
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3. Issuer Name and Ticker or Trading Symbol
DESTINATION XL GROUP, INC. [DXLG]
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(Last)
(First)
(Middle)
C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) Chief Digital Officer / |
(Street)
CANTON, MA 02021
(City)
(State)
(Zip)
| 5. 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
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock, $0.01 par value | 63253 | 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. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | 12/16/2020 (1) | 12/16/2029 | Common Stock | 30473 (2) | $1.30 | D | |
Restricted Stock Units | 12/16/2020 (3) | 12/16/2029 | Common Stock | 28698 (2) | $1.30 | D | |
Explanation of Responses: |
(1) | The restricted stock units ("RSUs") represent the time-based portion of the 2018-2020 Long-Term Incentive Plan award to the Reporting Person. The RSUs vest in three equal installments on December 16, 2020, April 1, 2021 and April 1, 2022. |
(2) | Each RSU, as defined in the Company's 2016 Incentive Compensation Plan, as amended, represents a contingent right to receive one share of DXLG common stock. |
(3) | The RSUs represent the time-based portion of the 2019-2021 Long-Term Incentive Plan award to the Reporting Person. The RSUs vest in four equal installments on December 16, 2020, 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 |
Dhoot Ujjwal C/O DESTINATION XL GROUP, INC. 555 TURNPIKE STREET CANTON, MA 02021 |
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| Chief Digital Officer |
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Signatures
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Ujjwal Dhoot | | 5/28/2020 |
**Signature of Reporting Person | Date |
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