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*
Sletten Joshua J

(Last) (First) (Middle)
1525 PERIMETER PARKWAY
SUITE 325

(Street)
HUNTSVILLE AL 35806

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
06/14/2023
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)
VP Corp Development & Strategy
5. If Amendment, Date of Original Filed (Month/Day/Year)
06/23/2023
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 $.01 per share 16,973(1) 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
Explanation of Responses:
1. Includes (i) 1,777 shares held directly by the Reporting Person; (ii) 537 time-based Restricted Stock Units, each of which represents a contingent right to receive one share of the Issuer's common stock ("RSUs"), which will vest on January 31, 2024; (iii) 1,245 time-based RSUs, which will vest in installments of 622 RSUs on January 31, 2024 and 623 RSUs on January 31, 2025; (iv) 2,414 time-based RSUs, which will vest in installments of 804 RSUs on April 6, 2024, 805 RSUs on January 31, 2025 and 805 RSUs on January 31, 2026; (v) 10,000 time-based RSUs, which will vest on April 6, 2026; and (vi) 1,000 time-based RSUs, which will vest on August 15, 2023. The vesting of all time-based RSUs is contingent on the Reporting Person's continuous service through the applicable vesting date.
Remarks:
The Reporting Person's orginal Form 3 omitted 1,000 time-based RSUs, which are scheduled to vest on August 15, 2023, from his holdings reflected in Table I. The total reported in Table I of this amendment reflects such additional RSUs.
/s/ Roger D. Shannon, Attorney-in-Fact 06/26/2023
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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