SEC Form 4 · accession 0001209191-18-025900
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
Apr 20, 2018
Accepted (ET)
Apr 23, 2018 · 6:01 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 | Apr 20, 2018 | P | 7,049 | $2.78 | A | 166,772 | D | |
| Common StockF3,F2 | Apr 23, 2018 | P | 7,951 | $2.78 | A | 174,723 | 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 | 12,000 | 12,000 | D |
| Stock Options (Right to Buy)F5 | $22.13 | holding | — | — | — | — | Mar 3, 2021 | Common Stock | 9,000 | 9,000 | D |
| Stock Options (Right to Buy)F6 | $14.51 | holding | — | — | — | — | Nov 18, 2021 | Common Stock | 4,882 | 4,882 | D |
| Stock Options (Right to Buy)F7 | $19.89 | holding | — | — | — | — | Nov 16, 2022 | Common Stock | 7,744 | 7,744 | D |
| Stock Options (Right to Buy)F8 | $30.50 | holding | — | — | — | — | Dec 4, 2023 | Common Stock | 7,788 | 7,788 | D |
| Stock Options (Right to Buy)F9 | $14.30 | holding | — | — | — | — | Dec 5, 2024 | Common Stock | 75,353 | 75,353 | D |
| Stock Options (Right to Buy)F10 | $7.49 | holding | — | — | — | — | Mar 30, 2026 | Common Stock | 56,072 | 56,072 | D |
| Stock Options (Right to Buy)F11 | $2.65 | holding | — | — | — | — | Apr 20, 2028 | Common Stock | 35,000 | 35,000 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.64 to $2.92, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F10On March 30, 2016, options to purchase 56,072 shares were granted to the Reporting Person by the Issuer. The options vest and are exercisable in four (4) equal annual installments beginning on March 30, 2017. 28,036 of the outstanding March 30, 2016 options are vested and 28,036 are unvested.
- F11On April 20, 2018, options to purchase 35,000 shares were granted to the Reporting Person by the Issuer. The options vest and are exercisable in four (4) equal annual installments beginning on April 20, 2019. All of the April 20, 2018 options are unvested.
- F2Includes 142,877 shares of unvested restricted stock. This includes 35,000 shares of unvested restricted stock granted to the Reporting Person on April 20, 2018, which shares vest in four (4) equal annual installments beginning on April 20, 2019, 100,000 shares from the October 19, 2017 grant of 100,000 shares, which shares vest in four (4) equal annual installments beginning on October 19, 2018; 2,035 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; and 5,842 shares from the March 30, 2016 grant of 11,683 shares, which shares vest in four (4) annual installments beginning on March 30, 2017 as follows: 2,920 shares vest on March 30, 2017, and 2,921 shares vest on each of March 30, 2018, March 30, 2019, and March 30, 2020.
- F3The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.71 to $2.84, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F4On 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.
- F5On 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. All of the remaining outstanding March 3, 2011 options are vested.
- F6On 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.
- F7On 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. All of the remaining outstanding November 16, 2012 options are vested.
- F8On 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. All of the outstanding December 4, 2013 options are vested.
- 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. 56,514 of the outstanding December 5, 2014 options are vested and 18,839 are unvested.