4//SEC Filing
DESTINY MEDIA TECHNOLOGIES INC 4
Accession 0001062993-14-000512
$DSNYCIK 0001099369operating
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 5:57 PM ET
Size
9.0 KB
Accession
0001062993-14-000512
Insider Transaction Report
Form 4
Kumagai Yoshitaro
Director
Transactions
- Exercise/Conversion
Common
2014-01-13$0.50/sh+75,000$37,500→ 590,950 total - Exercise/Conversion
Stock Options (Right to Buy)
2014-01-13−75,000→ 0 totalExercise: $0.50From: 2012-01-19Exp: 2014-01-19→ Common Stock (75,000 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
2014-01-13$0.97/sh−75,000$72,750→ 75,000 totalExercise: $0.50From: 2012-01-19Exp: 2014-01-19→ Common Stock (150,000 underlying)
Footnotes (1)
- [F1]Reflects 75,000 stock options cancelled by the issuer in exchange for a cash payment of $72,750 representing the difference between the low market price on January 13, 2014, being $1.47 per share, less the exercise of $0.50 per share ($0.97). The funds will be used by the insider to fund the tax liability associated with the cashless exercise of the stock options. The transaction was approved by the Board of Directors.
Issuer
DESTINY MEDIA TECHNOLOGIES INC
CIK 0001099369
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001099369
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 5:57 PM ET
- Size
- 9.0 KB