SEC Form 4 · accession 0001209191-15-078704
Digital Turbine, Inc. · APPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert M Deutschman
Director
Period of report
Nov 4, 2015
Accepted (ET)
Nov 5, 2015 · 4:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000317788
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Nov 4, 2015 | A | 31,788 | $0.00 | A | 396,056 | I | See footnote 3. |
| Common StockF4,F2,F3 | Nov 4, 2015 | A | 20,000 | $0.00 | A | 416,056 | I | See footnote 3. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pro rata grant of shares of restricted common stock (the "Shares") pursuant to Issuer's Amended and Restated 2011 Equity Incentive Plan (the "Plan"). The Shares are part of Reporting Person's compensation for services as a director of Issuer for the period August 1, 2015 through July 31, 2016.
- F2Shares are one-quarter vested as of the date of grant. The balance vest one-quarter on each of January 31, 2016, April 30, 2016, and July 31, 2016.
- F3Of such Shares, 294,268 are held by the Robert and Ellen Deutschman Family Trust (the "Trust"), of which the Reporting Person is trustee. Reporting Person disclaims beneficial ownership of Shares held by the Trust except to the extent of his pecuniary interest therein.
- F4Shares granted pursuant to the Plan for Reporting Person's services as chairman of the board of Issuer for the period August 1, 2015 through July 31, 2016.