SEC Form 4 · accession 0001209191-15-083771
Destination Maternity Corp · DEST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald James Masciantonio
Officer — EVP & CAO
Period of report
Dec 4, 2015
Accepted (ET)
Dec 7, 2015 · 4:37 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 | 332 | $6.78 | D | 18,268 | D | |
| Common StockF4,F2,F3 | Dec 5, 2015 | F | 823 | $6.78 | D | 17,445 | 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 | $11.89 | holding | — | — | — | — | Jan 29, 2020 | Common Stock | 12,000 | 12,000 | D |
| Stock Options (Right to Buy)F6 | $22.13 | holding | — | — | — | — | Mar 3, 2021 | Common Stock | 9,000 | 9,000 | D |
| Stock Options (Right to Buy)F7 | $14.51 | holding | — | — | — | — | Nov 18, 2021 | Common Stock | 4,882 | 4,882 | D |
| Stock Options (Right to Buy)F8 | $19.89 | holding | — | — | — | — | Nov 16, 2022 | Common Stock | 7,744 | 7,744 | D |
| Stock Options (Right to Buy)F9 | $30.50 | holding | — | — | — | — | Dec 4, 2023 | Common Stock | 7,788 | 7,788 | D |
| Stock Options (Right to Buy)F10 | $14.30 | holding | — | — | — | — | Dec 5, 2024 | Common Stock | 75,353 | 75,353 | D |
Explanation of responses
- F1332 shares were surrendered to the Issuer to pay applicable tax withholdings on the December 4, 2015 vest of 820 shares from the December 4, 2013 grant of 3,279 shares.
- F10On 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. 18,838 of the outstanding December 5, 2014 options are vested and 56,515 are unvested.
- F2Includes 10,392 shares of unvested restricted stock. This includes 1,600 shares from the March 3, 2011 grant of 8,000 shares, which grants each vest in equal annual installments over a five (5) year period; and 1,048 shares from the November 16, 2012 grant of 4,190 shares, which shares vest in annual installments over a four (4) year period beginning on November 16, 2013 as follows: 1,047 shares vest on each of November 16, 2013 and November 16, 2015, and 1,048 shares vest on each of November 16, 2014 and November 16, 2016. Continued in next footnote.
- F3Also includes 1,640 shares from the December 4, 2013 grant of 3,279 shares, which shares vest in four (4) annual installments beginning on December 4, 2014 as follows: 819 shares vest on December 4, 2014, and 820 shares vest on each of December 4, 2015, December 4, 2016, and December 4, 2017; and 6,104 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.
- F4823 shares were surrendered to the Issuer to pay applicable tax withholdings on the December 5, 2015 vest of 2,034 shares from the December 5, 2014 grant of 8,138 shares.
- F5On January 29, 2010, options to purchase 30,000 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.
- F6On March 3, 2011, options to purchase 15,000 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. 6,000 of the remaining outstanding March 3, 2011 options are vested and 3,000 are unvested.
- F7On November 18, 2011, options to purchase 9,764 shares were granted to the Reporting Person by the Issuer. The options vest and are exercisable in four (4) equal annual installments beginning on November 18, 2012. All of the remaining outstanding November 18, 2011 options are vested.
- F8On November 16, 2012, options to purchase 10,325 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: 2,581 options vest on each of November 16, 2013, November 16, 2014, and November 16, 2015, and 2,582 options vest on November 16, 2016. 5,162 of the remaining outstanding November 16, 2012 options are vested and 2,582 are unvested.
- F9On December 4, 2013, options to purchase 7,788 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. 3,894 of the outstanding December 4, 2013 options are vested and 3,894 are unvested.