SEC Form 4 · accession 0001209191-16-124534
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
May 26, 2016
Accepted (ET)
May 31, 2016 · 9:03 pm EDT
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 | $1.06 | May 26, 2016 | A | 100,000 | A | May 26, 2017 | May 26, 2026 | Common Stock | 100,000 | 100,000 | 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: 25% vest on the first anniversary of the grant date; thereafter, the balance of 75,000 Options vest pro rata on a monthly basis over the following three years, and all unvested options immediately vest upon a change of control of Issuer. Options will be fully vested as of May 26, 2020.
- F3Reporting Person also holds unvested Options to purchase 175,000 shares of common stock granted 12/9/2015, 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, and partially vested Options to purchase 300,000 shares of common stock granted 11/25/2013. Reporting Person also owns 512,080 shares of Issuer's common stock.