SEC Form 4 · accession 0001209191-18-045022
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, 2018
Accepted (ET)
Aug 2, 2018 · 5:13 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, 2018 | F | 1,221 | $4.32 | D | 163,011 | 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)F3 | $5.62 | holding | — | — | — | — | Aug 1, 2026 | Common Stock | 73,255 | 73,255 | D |
| Stock Options (Right to Buy)F4 | $2.65 | holding | — | — | — | — | Apr 20, 2028 | Common Stock | 35,000 | 35,000 | D |
Explanation of responses
- F11,221 shares were surrendered to the Issuer to pay applicable tax withholdings on the August 1, 2018 vest of 3,892 shares from the August 1, 2016 grant of 15,569 shares.
- F2Includes 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 of unvested restricted stock granted to the Reporting Person on October 19, 2017, which shares vest in four (4) equal annual installments beginning on October 19, 2018, and 7,785 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. 36,627 of the outstanding August 1, 2016 options are vested and 36,628 are unvested.
- F4On 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 outstanding April 20, 2018 options are unvested.