0001062993-22-020018.txt : 20220928 0001062993-22-020018.hdr.sgml : 20220928 20220928173623 ACCESSION NUMBER: 0001062993-22-020018 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220926 FILED AS OF DATE: 20220928 DATE AS OF CHANGE: 20220928 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dhoot Ujjwal CENTRAL INDEX KEY: 0001812939 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34219 FILM NUMBER: 221277180 MAIL ADDRESS: STREET 1: C/O DESTINATION XL GROUP, INC. STREET 2: 555 TURNPIKE STREET CITY: CANTON STATE: MA ZIP: 02021 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DESTINATION XL GROUP, INC. CENTRAL INDEX KEY: 0000813298 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 042623104 STATE OF INCORPORATION: DE FISCAL YEAR END: 0128 BUSINESS ADDRESS: STREET 1: 555 TURNPIKE STREET CITY: CANTON STATE: MA ZIP: 02021 BUSINESS PHONE: 7818289300 MAIL ADDRESS: STREET 1: 555 TURNPIKE STREET CITY: CANTON STATE: MA ZIP: 02021 FORMER COMPANY: FORMER CONFORMED NAME: CASUAL MALE RETAIL GROUP INC DATE OF NAME CHANGE: 20020821 FORMER COMPANY: FORMER CONFORMED NAME: DESIGNS INC DATE OF NAME CHANGE: 19920703 4 1 form4.xml STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES X0306 4 2022-09-26 0000813298 DESTINATION XL GROUP, INC. DXLG 0001812939 Dhoot Ujjwal C/O DESTINATION XL GROUP, INC. 555 TURNPIKE STREET CANTON MA 02021 0 1 0 0 Chief Marketing Officer Common Stock, $0.01 par value 2022-09-26 4 M 0 74292 0.53 A 148711 D Common Stock, $0.01 par value 2022-09-26 4 M 0 18115 0.69 A 166826 D Common Stock, $0.01 par value 2022-09-26 4 M 0 3449 0.75 A 170275 D Common Stock, $0.01 par value 2022-09-27 4 S 0 34400 5.50 D 135875 D Employee Stock Option (Right to Buy) 0.53 2022-09-26 4 M 0 74292 0 D 2021-06-11 2030-06-11 Common Stock 74292 74292 D Employee Stock Option (Right to Buy) 0.69 2022-09-26 4 M 0 18115 0 D 2022-04-01 2031-03-08 Common Stock 18115 54346 D Employee Stock Option (Right to Buy) 0.75 2022-09-26 4 M 0 3449 0 D 2022-03-09 2031-03-09 Common Stock 3449 6900 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.30 to $5.68, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4. The non-qualified stock options represent the time-based portion of the 2020-2022 Long-Term Incentive Plan award to the Reporting Person. The options vest in four equal installments on June 11, 2021, April 1, 2022, April 1, 2023 and April 1, 2024. The unvested stock options are expected to be forfeited as a result of Mr. Dhoot's expected separation of service with the Company on October 11, 2022. The non-qualified stock options represent the time-based portion of the 2021-2023 Long-Term Incentive Plan award to the Reporting Person. The options vest in four equal installments on April 1, 2022, April 1, 2023, April 1, 2024 and April 1, 2025. The unvested stock options are expected to be forfeited as a result of Mr. Dhoot's expected separation of service with the Company on October 11, 2022. The non-qualified stock options represent a discretionary award to the Reporting Person pursuant to the Company's 2016 Incentive Compensation Plan. The options vest in three equal installments on March 9, 2022, March 9, 2023 and March 9, 2024. The unvested stock options are expected to be forfeited as a result of Mr. Dhoot's expected separation of service with the Company on October 11, 2022. Robert S. Molloy, Attorney-in-Fact for Ujjwal Dhoot 2022-09-28