Filing Details
- Accession Number:
- 0000921895-24-001027
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-05-03 18:32:22
- Reporting Period:
- 2024-03-21
- Accepted Time:
- 2024-05-03 18:32:22
- 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 |
|---|---|---|---|---|---|---|---|
| 1567434 | Pleasant Lake Onshore Feeder Fund Lp | 100 Carr 115 Unit 1900 Rincon PR 00677 | No | No | Yes | No | |
| 1580144 | Pleasant Lake Partners Llc | 100 Carr 115 Unit 1900 Rincon PR 00677 | No | No | Yes | No | |
| 1959730 | Fund 1 Investments, Llc | 100 Carr 115 Unit 1900 Rincon PR 00677 | No | No | Yes | No |
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, Par Value $0.01 Per Share | Disposition | 2024-05-03 | 225,000 | $3.15 | 5,691,577 | No | 4 | S | Indirect | See Footnotes |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | See Footnotes |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01 Per Share | Cash-Settled Total Return Swap | Acquisiton | 2024-03-28 | 141,000 | $3.63 | 141,000 | $0.00 |
| Common Stock, Par Value $0.01 Per Share | Cash-Settled Total Return Swap | Acquisiton | 2024-04-12 | 76,000 | $3.28 | 76,000 | $0.00 |
| Common Stock, Par Value $0.01 Per Share | Cash-Settled Total Return Swap | Acquisiton | 2024-04-23 | 69,630 | $3.34 | 69,630 | $0.00 |
| Common Stock, Par Value $0.01 Per Share | Cash-Settled Total Return Swap | Acquisiton | 2024-04-25 | 97,000 | $3.36 | 97,000 | $0.00 |
| Common Stock, Par Value $0.01 Per Share | Cash-Settled Total Return Swap | Acquisiton | 2024-04-26 | 70,000 | $3.38 | 70,000 | $0.00 |
| Common Stock, Par Value $0.01 Per Share | Cash-Settled Total Return Swap | Acquisiton | 2024-04-29 | 72,000 | $3.37 | 72,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1,317,663 | 2026-02-24 | Yes | 4 | P | Indirect | |
| 1,393,663 | 2026-02-24 | Yes | 4 | P | Indirect | |
| 1,463,293 | 2026-02-24 | Yes | 4 | P | Indirect | |
| 1,560,292 | 2026-02-24 | Yes | 4 | P | Indirect | |
| 1,630,293 | 2026-02-24 | Yes | 4 | P | Indirect | |
| 1,702,293 | 2026-02-24 | Yes | 4 | P | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock, Par Value $0.01 Per Share | 37,713 | Indirect | See Footnotes |
Footnotes
- Securities reported herein are held for the benefit of Pleasant Lake Onshore Feeder Fund, LP (the "PL Fund") and an additional private investment vehicle for which Pleasant Lake Partners LLC ("PLP") serves as investment adviser. Fund 1 Investments, LLC serves as managing member of PLP. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.
- Securities held for the account of the PL Fund.
- Securities held for the account of an unaffiliated private fund for which PLP serves as investment adviser.
- PL Fund has entered into certain cash-settled total return swap agreeements (the "Swap Agreements") with an unaffiliated third party financial institution, which provides PL Fund with economic exposure to an aggregate of 1,702,293 nominal shares of Common Stock. The Swap Agreements provide PL Fund with economic results that are comparable to the economic results of ownership but do not provide PL Fund with the power to vote or direct the voting or dispose of or direct the disposition of the shares of Common Stock that are the subject of the Swaps Agreements (the "Subject Shares"). The Reporting Persons expressly disclaim beneficial ownership of the Subject Shares except to the extent of its or his pecuniary interest therein.
- The expiration date of the Swap Agreements will be automatically extended for successive 12 month periods unless one party provides written notice to the other party, at least 30 calendar days prior to the first extension and at least 15 calendar days prior to any subsequent extension, not to so extend the expiration date.
Billionaire Hedge Funds
