SEC Form 4 · accession 0001209191-17-046964
Destination Maternity Corp · DEST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Ross Stern
Officer — EVP & CFO
Period of report
Aug 1, 2017
Accepted (ET)
Aug 1, 2017 · 6:23 pm EDT
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 | Aug 1, 2017 | F | 1,337 | $1.63 | D | 14,232 | D |
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)F3 | $5.62 | holding | — | — | — | — | Aug 1, 2026 | Common Stock | 73,255 | 73,255 | D |
Explanation of responses
- F11,337 shares were surrendered to the Issuer to pay applicable tax withholdings on the August 1, 2017 vest of 3,892 shares from the August 1, 2016 grant of 15,569 shares.
- F2Includes 11,677 shares of unvested restricted stock from the August 1, 2016 grant of 15,569 shares, which shares vest in four (4) annual installments beginning on August 1, 2017 as follows: 3,892 shares vest on each of August 1, 2017, August 1, 2018, and August 1, 2019, and 3,893 shares vest on August 1, 2020.
- F3On August 1, 2016, options to purchase 73,255 shares were granted to the Reporting Person by the Issuer. The options vest and are exercisable in four (4) annual installments beginning on August 1, 2017 as follows: 18,313 options vest on August 1, 2017 and 18,314 options vest on each of August 1, 2018, August 1, 2019, and August 1, 2020. 18,313 of the outstanding August 1, 2016 options are vested and 54,942 are unvested.