SEC Form 4 · accession 0001250853-18-000040
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
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 7:08 pm EST
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)F1 | $1.56 | Feb 26, 2018 | A | 16,000 | A | — | Feb 25, 2027 | Common Stock | 16,000 | 16,000 | 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: 1,040 shares will vest and become exercisable on the one-year anniversary of the Grant Date; 2,400 shares will vest and become exercisable on the seccond-year anniversary of the Grant Date; 3,760 shares will vest and become exercisable on the third-year anniversary of the Grant Date; and 8,800 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.