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.

SOURCE Destiny Media Technologies, Inc.

Copyright 2017 Canada NewsWire