SEC Form 4 · accession 0001209191-15-022375
Destination Maternity Corp · DEST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judd P Tirnauer
Officer — EVP & CFO
Period of report
Mar 3, 2015
Accepted (ET)
Mar 4, 2015 · 5:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000896985
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Mar 3, 2015 | F | 715 | $16.51 | D | 40,598 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F4 | $11.89 | holding | — | — | — | — | Jan 29, 2020 | Common Stock | 16,000 | 16,000 | D |
| Stock Options (Right to Buy)F5 | $22.13 | holding | — | — | — | — | Mar 3, 2021 | Common Stock | 12,000 | 12,000 | D |
| Stock Options (Right to Buy)F6 | $14.51 | holding | — | — | — | — | Nov 18, 2021 | Common Stock | 6,198 | 6,198 | D |
| Stock Options (Right to Buy)F7 | $19.89 | holding | — | — | — | — | Nov 16, 2022 | Common Stock | 8,518 | 8,518 | D |
| Stock Options (Right to Buy)F8 | $30.50 | holding | — | — | — | — | Dec 4, 2023 | Common Stock | 8,437 | 8,437 | D |
| Stock Options (Right to Buy)F9 | $14.30 | holding | — | — | — | — | Dec 5, 2024 | Common Stock | 75,353 | 75,353 | D |
Explanation of responses
- F1715 shares were surrendered to the Issuer to pay applicable tax withholdings on the March 3, 2015 vest of 2,000 shares from the March 3, 2011 grant of 10,000 shares.
- F2Includes 16,462 shares of unvested restricted stock. This includes 2,000 shares from the March 3, 2011 grant of 10,000 shares, which grants each vest in equal annual installments over a five (5) year period; 1,355 shares from the November 18, 2011 grant of 5,417 shares, which shares vest in annual installments over a four (4) year period beginning on November 18, 2012 as follows: 1,354 shares vest on each of November 18, 2012, November 18, 2013, and November 18, 2014, and 1,355 shares vest on November 18, 2015; and 2,305 shares from the November 16, 2012 grant of 4,609 shares, which shares vest in annual installments over a four (4) year period as follows: 1,152 shares vest on each of November 16, 2013, November 16, 2014, and November 16, 2015, and 1,153 shares vest on November 16, 2016. Continued in next footnote.
- F3Also includes 2,664 shares from the December 4, 2013 grant of 3,552 shares, which shares vest in four (4) equal annual installments beginning on December 4, 2014; and 8,138 shares from the December 5, 2014 grant of 8,138 shares, which shares vest in four (4) annual installments beginning on December 5, 2015 as follows: 2,034 shares vest on each of December 5, 2015 and December 5, 2017, and 2,035 shares vest on each of December 5, 2016 and December 5, 2018.
- F4On January 29, 2010, options to purchase 40,000 shares were granted to the Reporting Person by the Issuer. The options vest and are exercisable in five (5) equal annual installments beginning on January 29, 2011. All of the remaining outstanding January 29, 2010 options are vested.
- F5On March 3, 2011, options to purchase 20,000 shares were granted to the Reporting Person by the Issuer. The options vest and are exercisable in five (5) equal annual installments beginning on March 3, 2012. 8,000 of the remaining outstanding March 3, 2011 options are vested and 4,000 are unvested.
- F6On November 18, 2011, options to purchase 12,395 shares were granted to the Reporting Person by the Issuer. The options vest and are exercisable in four (4) annual installments beginning on November 18, 2012 as follows: 3,098 shares vested on November 18, 2012, and 3,099 shares vest on each of November 18, 2013, November 18, 2014, and November 18, 2015. 3,099 of the remaining outstanding November 18, 2011 options are vested and 3,099 are unvested.
- F7On November 16, 2012, options to purchase 11,357 shares were granted to the Reporting Person by the Issuer. The options vest and are exercisable in four (4) annual installments beginning on November 16, 2013 as follows: 2,839 shares vest on each of November 16, 2013, November 16, 2014, and November 16, 2015, and 2,840 options vest on November 16, 2016. 2,839 of the remaining outstanding November 16, 2012 options are vested and 5,679 are unvested.
- F8On December 4, 2013, options to purchase 8,437 shares were granted to the Reporting Person by the Issuer. The options vest and are exercisable in four (4) annual installments beginning on December 4, 2014 as follows: 2,109 shares vest on each of December 4, 2014, December 4, 2015, and December 4, 2016, and 2,110 options vest on December 4, 2017. 2,109 of the outstanding December 4, 2013 options are vested and 6,328 are unvested.
- F9On December 5, 2014, options to purchase 75,353 shares were granted to the Reporting Person by the Issuer. The options vest and are exercisable in four (4) annual installments beginning on December 5, 2015 as follows: 18,838 options vest on each of December 5, 2015, December 5, 2016, and December 5, 2017, and 18,839 options vest on December 5, 2018. All of the December 5, 2014 options are unvested.