SEC Form 4 · accession 0001209191-16-141461
Digital Turbine, Inc. · APPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J. Barrett Garrison
Officer — EVP, CFO
Period of report
Sep 12, 2016
Accepted (ET)
Sep 14, 2016 · 5:53 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,F2 | $1.37 | Sep 12, 2016 | A | 450,000 | A | Sep 12, 2017 | Sep 12, 2027 | Common Stock | 450,000 | 450,000 | D |
Explanation of responses
- F1Grant of employee stock options (right to buy) to purchase shares of Issuer's common stock (the "Options"). The Options were granted pursuant to Issuer's 2011 Amended and Restated Equity Incentive Plan. Such Shares were issued as part of Reporting Person's compensation as described in his employment agreement.
- F2The Options vest over a three year period: 150,000 Options vest on September 12, 2017. Thereafter, 12,500 Options vest monthly for two years. The Options will be fully vested as of September 12, 2019.