SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
TIRNAUER JUDD P

(Last) (First) (Middle)
C/O DESTINATION MATERNITY CORPORATION
456 NORTH FIFTH STREET

(Street)
PHILADELPHIA PA 19123

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Destination Maternity Corp [ DEST ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP & CFO
3. Date of Earliest Transaction (Month/Day/Year)
04/28/2011
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/28/2011 M 626 A $6.43 28,133.82(1)(2) D
Common Stock 04/28/2011 M 2,249 A $5.005 30,382.82(1)(2) D
Common Stock 04/28/2011 M 967 A $3.515 31,349.82(1)(2) D
Common Stock 04/28/2011 M 2,942 A $11.89 34,291.82(1)(2) D
Common Stock 04/28/2011 S 4,400 D $24.35 29,891.82(1)(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $6.43 04/28/2011 D 574 (3) 11/24/2014 Common Stock 574 (4) 626 D
Stock Options (Right to Buy) $6.43 04/28/2011 M 626 (3) 11/24/2014 Common Stock 626 $0 0 D
Stock Options (Right to Buy) $5.005 04/28/2011 D 1,751 (5) 11/28/2015 Common Stock 1,751 (4) 2,249 D
Stock Options (Right to Buy) $5.005 04/28/2011 M 2,249 (5) 11/28/2015 Common Stock 2,249 $0 0 D
Stock Options (Right to Buy) $3.515 04/28/2011 D 633 (6) 11/19/2018 Common Stock 633 (4) 967 D
Stock Options (Right to Buy) $3.515 04/28/2011 M 967 (6) 11/19/2018 Common Stock 967 $0 0 D
Stock Options (Right to Buy) $11.89 04/28/2011 D 5,058 (7) 01/29/2020 Common Stock 5,058 (4) 2,942 D
Stock Options (Right to Buy) $11.89 04/28/2011 M 2,942 (7) 01/29/2020 Common Stock 2,942 $0 0 D
Explanation of Responses:
1. Includes 18,400 shares of unvested restricted stock, including 400 shares from the November 22, 2006 grant, 800 shares from the November 21, 2007 grant, 6,000 shares from the July 23, 2008 grant, 1,200 shares from the November 19, 2008 grant, and 10,000 shares from the March 3, 2011 grant. All currently outstanding and unvested restricted stock of the Reporting Person vest in equal annual installments over a five (5) year period.
2. 507.8206 of these shares were purchased by the Reporting Person pursuant to the Issuer's Employee Stock Purchase Plan.
3. The options were fully vested and exercisable on November 24, 2009.
4. The inherent value of the shares underlying these options being surrendered to the Issuer is being applied to pay the exercise price and applicable tax withholdings for the option exercise reported in the next line in this Table II.
5. The options were fully vested and exercisable on November 28, 2010.
6. The options vest and are exercisable in five (5) equal annual installments beginning on November 19, 2009.
7. The options vest and are exercisable in five (5) equal annual installments beginning on January 29, 2011.
Judd P. Tirnauer 05/02/2011
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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