Stern David Ross 4
4 · Destination Maternity Corp · Filed Aug 1, 2017
Insider Transaction Report
Form 4
Stern David Ross
EVP & CFO
Transactions
- Tax Payment
Common Stock
2017-08-01$1.63/sh−1,337$2,179→ 14,232 total
Holdings
- 73,255
Stock Option (Right to Buy)
Exercise: $5.62Exp: 2026-08-01→ Common Stock (73,255 underlying)
Footnotes (3)
- [F1]1,337 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.
- [F2]Includes 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.
- [F3]On 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.