RED MOUNTAIN CAPITAL PARTNERS LLC 4
4 · DESTINATION XL GROUP, INC. · Filed Sep 16, 2021
Insider Transaction Report
Form 4
MESDAG WILLEM
Director10% Owner
Transactions
- Sale
Common Stock, $0.01 par value
2021-09-14$5.83/sh−5,733,076$33,450,779→ 3,058,961 total(indirect: See Footnote) - Other
Common Stock, $0.01 par value
2021-09-15−528,409→ 2,530,552 total(indirect: See Footnote)
Footnotes (4)
- [F1]Represents the $6.10 public offering price less the underwriting discount for shares sold pursuant to an underwriting agreement dated September 9, 2021.
- [F2]1,260,869 of these shares are held directly by Red Mountain Partners, L.P. ("RMP") and the remaining 1,269,683 shares are held directly by Red Mountain Capital Partners LLC ("RMCP LLC"). This Form 4 is jointly filed by (i) RMP, (ii) RMCP GP LLC ("RMCP GP"), (iii) RMCP LLC, (iv) Red Mountain Capital Management, Inc. ("RMCM"), and (v) Mr. Mesdag. RMCP GP is the general partner of RMP. RMCP LLC is the managing member of RMCP GP. RMCM is the managing member of RMCP LLC. Mr. Mesdag is the president, sole executive officer, sole director and sole shareholder of RMCM. Each of Mr. Mesdag, RMCM, RMCP LLC, and RMCP GP, by virtue of their direct or indirect control of RMP, may be deemed to beneficially own some or all of the securities reported as being held by RMP. Each of Mr. Mesdag and RMCM, by virtue of their direct or indirect control of RMCP LLC, may be deemed to beneficially own some or all of the securities reported as being held by RMCP LLC.
- [F3]On September 15, 2021, RMP made a distribution in-kind for no consideration to its equity holders.
- [F4]Includes shares received by RMCP and RMCM and certain estate planning vehicles affiliated with Mr. Mesdag in the above-referenced in-kind distribution pursuant to the exemption afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended (the "Exchange Act").