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
Optionee
|
Capacity
|
Number
Of
Options
|
Exercise
Price
|
Expiration
Date
|
|
Hyonmyong
Cho
|
- Director
- Audit Committee,
Executive
Compensation Committee, and Corporate Governance and Nominating
Committee
Member
|
225,000
|
$0.40
|
July 06,
2022
|
|
Jay Graber
|
- Director
- Audit Committee,
Executive
Compensation Committee, and Corporate Governance and Nominating
Committee
Member
|
225,000
|
$0.40
|
July 06,
2022
|
|
Steve
Vestergaard
|
|
150,000
|
$0.40
|
July 06,
2022
|
|
Fred
Vandenberg
|
- Chief Executive
Officer
- Chief Financial
Officer
- Corporate
Secretary
|
400,000
|
$0.40
|
July 06,
2022
|
|
Rick
Ramsay
|
- Director of Product Management
|
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.