Statement of Changes in Beneficial Ownership (4)
May 29 2020 - 5:08PM
Edgar (US Regulatory)
FORM 4
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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
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CANNELL CAPITAL LLC |
2. Issuer Name and Ticker or Trading Symbol
DESTINATION XL GROUP, INC.
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dxlg
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
245 MERIWETHER CIRCLE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/27/2020 |
(Street)
ALTA, WY 83414
(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 | 5/27/2020 | | S | | 67314 | D | $0.4476 | 5346366 | I (1)(2) | By partnerships and corporations (1)(2) |
Common Stock | 5/28/2020 | | S | | 25000 | D | $0.4335 | 5321366 | I (1)(2) | By partnerships and corporations (1)(2) |
Common Stock | 5/29/2020 | | S | | 65000 | D | $0.4262 | 5256366 | I (1)(2) | By partnerships and corporations (1)(2) |
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) | As of May 29, 2020, Tonga Partners, LP, Cuttyhunk II Fund. Tristan Partners, LP, and Tristan Offshore Fund, Ltd (collectively the "Cannell Investment Vehicles") owned in the aggregate 5,256,366 shares of the common stock of Destination XL Group, Inc. |
(2) | Cannell Capital LLC acts as the investment sub-adviser to the Cuttyhunk II Fund, is the general partner of and investment adviser to Tonga Partners, LP and Tristan Partners, L.P., and is the investment adviser to Tristan Offshore Fund, Ltd. J. Carlo Cannell is the sole managing member of Cannell Capital LLC. As such, Mr. Cannell possesses sole power to vote and direct the disposition of all securities of Destination XL Group, Inc. held by the Cannell Investment Vehicles. Thus, for the purposes of Reg. Section 240.13d-3, as of May 29, 2020, Mr. Cannell beneficially owns 5,256,366 shares. Mr. Cannell's interest in the securities reported herein is limited to the extent of his pecuniary interest in each of the Cannell Investment Vehicles, if any. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
CANNELL CAPITAL LLC 245 MERIWETHER CIRCLE ALTA, WY 83414 |
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Signatures
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__/s/ J. Carlo Cannell, on behalf of Cannell Capital LLC | | 5/29/2020 |
**Signature of Reporting Person | Date |
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