SEC Form 4 · accession 0001250853-17-000088
NextTrip, Inc. · NTRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nannette Toups
Officer — CFO, PFO and PAO
Period of report
Sep 28, 2017
Accepted (ET)
Oct 3, 2017 · 4:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000788611
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) | $1.91 | Sep 28, 2017 | A | 2,500 | A | Sep 28, 2017 | Sep 27, 2022 | Common Stock | 2,500 | 2,500 | D |
| Stock Option (right to buy)F1 | $1.91 | Sep 28, 2017 | A | 47,500 | A | — | Sep 27, 2022 | Common Stock | 47,500 | 47,500 | D |
Explanation of responses
- F1The stock option will vest in four annual installments over four years from the date of grant (the "Grant Date"), as follows: 3,065 shares will vest and become exercisable on the one-year anniversary of the Grant Date; 7,125 shares will vest and become exercisable on the second-year anniversary of the Grant Date; 11,185 shares will vest and become exercisable on the third-year anniversary of the Grant Date; and 26,125 shares will vest and become exercisable on the fourth-year anniversary of the Grant Date, provided, in each case, that the Reporting Person remains an employee of the Issuer through such vesting date.