Lakeland Industries (LAKE) Form 3 LAKELAND INDUSTRIES / ALLEN E DILLARD ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

DILLARD ALLEN E

(Last) (First) (Middle)

202 PRIDE LANE SW

(Street)

DECATUR AL 35603

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/12/2019

3. Issuer Name and Ticker or Trading Symbol
LAKELAND INDUSTRIES INC [ LAKE ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Financial Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common stock, par value $0.01 per share(1)	1,394	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock options	(2)	08/11/2029	Common stock, par value $0.01 per share	24,900	11.17	D

Explanation of Responses:

1. Represents a portion of a grant of restricted shares that are scheduled to vest on January 31, 2022, which portion is based solely on continued employment through the vesting date. These restricted shares are part of a larger grant of restricted shares, the vesting of the remainder of which is subject to achievement of certain performance conditions, as well as continued employment through the vesting date.

2. These stock options vest in three equal annual installments beginning on August 12, 2020, subject to continued employment through the vesting date.

	/s/ Allen E. Dillard	01/02/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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