SEC Form 4 · accession 0001209191-15-085537
Digital Turbine, Inc. · APPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Gordon Stone III
Officer — CEO · Director
Period of report
Dec 9, 2015
Accepted (ET)
Dec 16, 2015 · 2:27 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 | $1.43 | Dec 9, 2015 | A | 175,000 | A | Dec 9, 2017 | Dec 9, 2025 | Common Stock | 175,000 | 175,000 | D |
Explanation of responses
- F1Employee stock options (right to buy)("Options") granted pursuant to Issuer's 2011 Amended and Restated Equity Incentive Plan.
- F2Options vest over a four year term as follows: 50% vest on the 24-month anniversary of the grant date, and 50% vest on the 48-month anniversary of the grant date. Options will be fully vested as of December 9, 2019.
- F3Reporting Person also holds partially vested Options to purchase 50,000 shares of common stock granted 9/10/2014, partially vested Options to purchase 200,000 shares of Common Stock granted 7/8/2014, partially vested Options to purchase 300,000 shares of common stock granted 11/25/2013, and 262,080 shares of common stock.