Filing Details

Accession Number:
0001062993-21-008682
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-09-16 17:22:38
Reporting Period:
2021-09-14
Accepted Time:
2021-09-16 17:22:38
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
813298 Destination Xl Group Inc. DXLG Retail-Family Clothing Stores (5651) 042623104
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1374566 Willem Mesdag C/O Red Mountain Capital Management, Inc
1999 Avenue Of The Stars, Ste 1100
Los Angeles CA 90067
Yes No No No
1374588 Red Mountain Capital Partners Llc 1999 Avenue Of The Stars
Suite 1100
Los Angeles CA 90067
No No No Yes
1374603 Red Mountain Partners, L.p. 1999 Avenue Of The Stars
Suite 1100
Los Angeles CA 90067
No No No Yes
1374606 Rmcp Gp Llc 1999 Avenue Of The Stars
Suite 1100
Los Angeles CA 90067
No No No Yes
1374607 Red Mountain Capital Management Inc 1999 Avenue Of The Stars
Suite 1100
Los Angeles CA 90067
No No No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $0.01 Par Value Disposition 2021-09-14 5,733,076 $5.83 3,058,961 No 4 S Indirect See Footnote
Common Stock, $0.01 Par Value Disposition 2021-09-15 528,409 $0.00 2,530,552 No 4 J Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Footnote
No 4 J Indirect See Footnote
Footnotes
  1. Represents the $6.10 public offering price less the underwriting discount for shares sold pursuant to an underwriting agreement dated September 9, 2021.
  2. 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.
  3. On September 15, 2021, RMP made a distribution in-kind for no consideration to its equity holders.
  4. 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").