SEC Form 4 · accession 0001250853-18-000063
NextTrip, Inc. · NTRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
John Reynolds Rice
Officer — Interim CEO · Director
Period of report
Apr 19, 2018
Accepted (ET)
Apr 23, 2018 · 8:59 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)F1 | $1.88 | Apr 19, 2018 | A | 20,000 | A | — | Apr 18, 2023 | Common Stock | 20,000 | 20,000 | D |
| Stock Option (right to buy)F1 | $1.54 | Apr 19, 2018 | A | 20,000 | A | — | Apr 18, 2023 | Common Stock | 20,000 | 20,000 | D |
| Stock Option (right to buy)F1 | $1.48 | Apr 19, 2018 | A | 20,000 | A | — | Apr 18, 2023 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1The stock option is vested as to 1,000 shares, and the balance of the shares under the stock option will vest in four annual installments over four years from the date of grant (the "Grant Date"), as follows: 950 shares will vest and become exercisable on the one-year anniversary of the Grant Date; 2,850 shares will vest and become exercisable on the second-year anniversary of the Grant Date; 4,750 shares will vest and become exercisable on the third-year anniversary of the Grant Date; and 10,450 shares will vest and become exercisable on the four-year anniversary of the Grant Date.