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
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

  • Director

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

  • Director of Development

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.


 

For further information:

Fred Vandenberg, CEO Destiny Media Technologies, Inc., 604 609 7736 x236

Rick Ramsay