SEC Form 4 · accession 0001062993-15-003959
DESTINY MEDIA TECHNOLOGIES INC · DSNY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steve Vestergaard
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Jun 25, 2015
Accepted (ET)
Jul 21, 2015 · 4:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001099369
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1,F2 | $0.40 | Jun 25, 2015 | A | 400,000 | A | — | — | Common Stock | 400,000 | 400,000 | D |
Explanation of responses
- F1Exercise of the 400,000 options is subject to equal monthly vesting over two years commencing June 25, 2015, with a total of 16,667 of each stock option becoming exercisable on the 25th day of each month beginning June 25, 2015 and ending May 25, 2017.
- F2Expiration date is subject to two years from above the particular vesting date.