SEC Form 4 · accession 0001209191-15-083769
Destination Maternity Corp · DEST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher F Daniel
Officer — President
Period of report
Dec 4, 2015
Accepted (ET)
Dec 7, 2015 · 4:35 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 | Dec 4, 2015 | F | 296 | $6.78 | D | 26,394 | D | |
| Common StockF4,F2,F3 | Dec 5, 2015 | F | 840 | $6.78 | D | 25,554 | 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)F5 | $20.62 | holding | — | — | — | — | Jun 1, 2021 | Common Stock | 24,000 | 24,000 | D |
| Stock Options (Right to Buy)F6 | $14.51 | holding | — | — | — | — | Nov 18, 2021 | Common Stock | 2,503 | 2,503 | D |
| Stock Options (Right to Buy)F7 | $19.89 | holding | — | — | — | — | Nov 16, 2022 | Common Stock | 8,712 | 8,712 | D |
| Stock Options (Right to Buy)F8 | $30.50 | holding | — | — | — | — | Dec 4, 2023 | Common Stock | 9,248 | 9,248 | D |
| Stock Options (Right to Buy)F9 | $14.30 | holding | — | — | — | — | Dec 5, 2024 | Common Stock | 102,265 | 102,265 | D |
Explanation of responses
- F1296 shares were surrendered to the Issuer to pay applicable tax withholdings on the December 4, 2015 vest of 973 shares from the December 4, 2013 grant of 3,893 shares.
- F2Includes 13,410 shares of unvested restricted stock. This includes 2,000 shares of unvested restricted stock from the June 1, 2011 grant of 10,000 shares, which shares vest in equal annual installments over a five (5) year period beginning on June 1, 2012, and 1,179 shares of unvested restricted stock from the November 16, 2012 grant of 4,713 shares, which shares vest in annual installments over a four (4) year period beginning on November 16, 2013 as follows: 1,178 shares vest on each of November 16, 2013, November 16, 2014, and November 16, 2015, and 1,179 shares vest on November 16, 2016. Continued in next footnote.
- F3Also includes 1,947 shares from the December 4, 2013 grant of 3,893 shares, which shares vest in four (4) annual installments beginning on December 4, 2014 as follows: 973 shares vest on each of December 4, 2014, December 4, 2015, and December 4, 2016, and 974 shares vest on December 4, 2017; and 8,284 shares of restricted stock issued to the Reporting Person by the Issuer on December 5, 2014, which shares vest in four (4) annual installments beginning on December 5, 2015 as follows: 2,761 shares vest on each of December 5, 2015, December 5, 2016, and December 5, 2017, and 2,762 shares vest on December 5, 2018.
- F4840 shares were surrendered to the Issuer to pay applicable tax withholdings on the December 5, 2015 vest of 2,761 shares from the December 5, 2014 grant of 11,045 shares.
- F5On June 1, 2011, 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 June 1, 2012. 16,000 of the remaining outstanding June 1, 2011 options are vested and 8,000 are unvested.
- F6On November 18, 2011, options to purchase 5,006 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: 1,251 options vest on each of November 18, 2012 and November 18, 2014, and 1,252 options vest on each of November 18, 2013 and November 18, 2015. All of the remaining outstanding November 18, 2011 options are vested.
- F7On November 16, 2012, options to purchase 11,615 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: 2,903 options vest on November 16, 2013, and 2,904 options vest on each of November 16, 2014, November 16, 2015, and November 16, 2016. 5,808 of the remaining outstanding November 16, 2012 options are vested and 2,904 are unvested.
- F8On December 4, 2013, options to purchase 9,248 shares were granted to the Reporting Person by the Issuer. The options vest and are exercisable in four (4) equal annual installments beginning on December 4, 2014. 4,624 of the outstanding December 4, 2013 options are vested and 4,624 are unvested.
- F9On December 5, 2014, options to purchase 102,265 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: 25,566 options vest on each of December 5, 2015, December 5, 2016, and December 5, 2017, and 25,567 options vest on December 5, 2018. 25,566 of the outstanding December 5, 2014 options are vested and 76,699 are vested.