SEC Form 4 · accession 0001209191-17-048158
Digital Turbine, Inc. · APPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Wesch
Officer — Acting CAO
Period of report
Aug 4, 2017
Accepted (ET)
Aug 8, 2017 · 6:13 pm EDT
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 Stock | holding | — | — | — | 452 | D |
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 | $1.09 | Aug 4, 2017 | A | 50,000 | A | Aug 4, 2018 | Aug 3, 2027 | Common Stock | 50,000 | 50,000 | 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 three years. One-third of the Options vest on the first anniversary of the grant date, which is August 4, 2018. The balance vest proportionately each month during the remaining two years beginning September 4, 2018 through August 4, 2020.
- F3Reporting Person also holds Options to purchase the following shares of common stock (i) 36,675 shares granted 2/2/2017, (ii) 20,000 shares granted 1/10/2017, (iii) 25,000 shares granted 11/2/2016, (iv) 30,000 shares granted 6/9/2016, (v) 12,250 shares granted 12/9/2015, (vi) 10,000 shares granted 8/3/2015, and (vii) 25,000 shares granted 5/29/2015.