Destiny Media Technologies Grants Stock Options
VANCOUVER, July 7, 2017 /CNW/ - Destiny Media Technologies Inc. (TSXV: DSY) (OTCQB: DSNY) announces that it has granted 1,500,000 non-qualified stock options under its 2015 Stock Option Plan to officers, directors, committee members, and employees of Destiny.
Of the 1,500,000 options granted, 1,400,000 options were granted to directors, officers and employees at an exercise price of USD$0.40 per share, vesting equally each month over two years commencing July 31, 2017 and expiring five years from grant. The remaining 100,000 options were granted to employees with a strike prices of $0.26 vesting equally each month over one year commencing July 31, 2017 and expiring three years from grant.
Name Of |
Capacity |
Number |
Exercise |
Expiration |
Hyonmyong |
|
225,000 |
$0.40 |
July 06, 2022 |
Jay Graber |
|
225,000 |
$0.40 |
July 06, 2022 |
Steve |
|
150,000 |
$0.40 |
July 06, 2022 |
Fred |
|
400,000 |
$0.40 |
July 06, 2022 |
Rick Ramsay |
|
200,000 |
$0.40 |
July 06, 2022 |
50,000 |
$0.26 |
July 06, 2020 |
||
Darren Martz |
|
200,000 |
$0.40 |
July 06, 2022 |
50,000 |
$0.26 |
July 06, 2020 |
||
Total |
1,500,000 |
About Destiny Media Technologies, Inc.
Destiny Media Technologies ("Destiny") provides services that enable content owners to securely display and distribute their audio and video content digitally through the internet. Destiny owns and operates two businesses, Play MPE® and Clipstream®. Play MPE (www.plaympe.com) provides a standardized method to securely and cost effectively distribute pre-release music to radio stations and other music industry professionals for promotional purposes. Clipstream (www.clipstream.com) is a video format that plays on any modern smart phone, tablet, internet, TV, or computer.
SOURCE Destiny Media Technologies, Inc.
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Fred Vandenberg, CEO Destiny Media Technologies, Inc., 604 609 7736 x236
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