Destiny Media Tech Inc (DSNY)

[dsny2014]

Good sleuthing, Brook! Although the info is a bit confusing and needs some translation for those, who are not familiar with the process.

When Steve and Fred have exercised their options they had to pay $0.50c per share. Steve had to pay $75,000 for his shares and Fred - $37,500 for his shares.

I guess, since neither of them had all that cash on hand, they have sold just enough shares to cover the cost. See the last number in each transaction: Steve bought 150,000 shares for a total of $75,000 and then sold 43,660 shares for the exact amount $75,000.

So, as a result, Steve has increased his holdings by 106,340 shares.

Fred has increased his holdings by 55,159 shares.


Jan 15, 2014 VESTERGAARD STEVE Officer 43,660 Direct Disposition (Non Open Market) at $1.72 per share. 75,095

Jan 15, 2014 VESTERGAARD STEVE Officer 150,000 Direct Option Exercise at $0.50 per share. 75,000

Jan 9, 2014 VANDENBERG FRED Officer 19,841 Direct Disposition (Non Open Market) at $1.89 per share. 37,499

Jan 9, 2014 VANDENBERG FRED Officer 75,000 Direct Option Exercise at $0.50 per share. 37,500

http://finance.yahoo.com/q/it?s=DSNY+Insider+Transactions