DESTINATION XL GROUP, INC. 4/A
4/A · DESTINATION XL GROUP, INC. · Filed Sep 4, 2013
Insider Transaction Report
Form 4/AAmended
PORTER GEORGE T JR
Director
Transactions
- Award
Director Stock Option (Right to buy)
2013-08-30$2.15/sh+19,136$41,123→ 19,136 totalExercise: $6.05From: 2013-08-30Exp: 2023-08-30→ Common Stock (19,136 underlying)
Footnotes (2)
- [F1]The original Form 4 filing incorrectly reported in Table 1 and the related footnote that the Reporting Person received shares of common stock as compensation upon re-election to the Board of Directors at the annual meeting of stockholders. The Reporting Person received options to purchase shares of common stock pursuant to the Amended and Restated Non-Employee Director Compensation Plan pursuant to the Director's elected form of compensation upon his re-election to the Board at the annual meeting of stockholders. Under the plan, each option is assigned a value equal to the Black-Scholes value of an option on the effective grant date with an exercise price equal to the closing sale price of a share of common stock as reported on the grant date.
- [F2]6,379 shares are currently exercisable and 6,378 shares will become exercisable on August 30, 2014 and 6,379 shares will become exercisable on August 30, 2015.