SEC Form 4 · accession 0001209191-15-078699
Digital Turbine, Inc. · APPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Alejandro
Officer — Chief Accounting Officer
Period of report
Nov 4, 2015
Accepted (ET)
Nov 5, 2015 · 4:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000317788
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (right to buy)F1,F3,F2 | $1.51 | Nov 4, 2015 | A | 50,000 | A | Nov 4, 2016 | Nov 4, 2026 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Employee stock options (right to buy)("Options") granted pursuant to Issuer's Amended and Restated 2011 Equity Incentive Plan.
- F2Options vest over a four year term as follows: 25% vest on the first anniversary of the grant date; thereafter, the balance vest pro rata on a monthly basis over the following three years. Options will be fully vested as of November 4, 2019.
- F3Reporting Person also holds Options to purchase 100,000 shares of Issuer's common stock, all of which are unvested.