Form Type: 4

SEC EDGAR Link
Accession Number:0000813298-20-000056
Date:2020-08-03
Issuer: DESTINATION XL GROUP, INC. (DXLG)
Original Submission Date:

Reporting Person:

MESDAG WILLEM
C/O RED MOUNTAIN CAPITAL MANAGEMENT, INC
10250 CONSTELLATION BLVD., SUITE 2300 LOS ANGELES, CA 90067

Reporting Person:

RED MOUNTAIN CAPITAL PARTNERS LLC
10250 CONSTELLATION BLVD.
SUITE 2300 LOS ANGELES, CA 90067

Reporting Person:

RED MOUNTAIN CAPITAL MANAGEMENT INC
10250 CONSTELLATION BLVD.
SUITE 2300 LOS ANGELES, CA 90067

Reporting Person:

RMCP GP LLC
10250 CONSTELLATION BLVD.
SUITE 2300 LOS ANGELES, CA 90067

Reporting Person:

RED MOUNTAIN PARTNERS, L.P.
10250 CONSTELLATION BLVD.
SUITE 2300 LOS ANGELES, CA 90067

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK, $0.01 PAR VALUE 2020-08-03 0 $0.00 8,426,577 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
DEFERRED STOCK 0.35 2020-08-03 deemed execution date A 89,285 (a) common stock 89,285 $0.35 89,285 direct
Footnotes
IDfootnote
f1 7,522,354 of these shares are held directly by red mountain partners, l.p. ("rmp") and the remaining 904,223 shares are held directly by 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. each of the reporting persons hereunder disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein. this form 4 shall not be deemed to be an admission that any reporting person hereunder is the beneficial owner of any of the reported securities for purposes of section 16 of the securities exchange act of 1934, as amended, or for any other purpose.
f2 deferred stock issued pursuant to the director's elected form of compensation for quarterly annual retainer and chairperson fee.
f3 each share of deferred stock is the economic equivalent of one share of common stock. the shares of deferred stock become payable in common stock at the separation from service deferral period as elected by the reporting person under the terms of the fourth amended and restated non-employee director compensation plan.
f4 there is no set expiration date. deferred stock termination events are set forth in the fourth amended and restated non-employee director compensation plan.
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