SEC Form 4 · accession 0001062993-16-010596
DESTINY MEDIA TECHNOLOGIES INC · DSNY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF2 | Jul 15, 2016 | L | 37,708 | $0.231 | A | 801,569 | D |
Table II — derivative securities
Explanation of responses
- F1Purchased under Employee Stock Purchase Plan, which transaction is exempt under Rule 16b-3(c) of the Securities Exchange Act of 1934.
- F2$0.3014 Canadian Dollars, based on exchange rate of 0.76722.
Remarks
The transactions reported in the above Table 1 reflect the cashless exercise of stock options. The cashless exercise of the options is reported in two lines. The first line of the cashless exercise transaction is coded M in Column 3 of Table 1 and reports in Column 4 the number of shares issuable upon exercise of the options had cash been paid to exercise the options, together with the exercise price. The second line coded F in Column 3 of Table I relate to the same cashless exercise on the preceding line and report in Column 4 the number of shares deducted from the total number of shares issuable to pay for the cashless exercise of such options.