SEC Form 4 · accession 0001209191-18-037341
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
Jun 10, 2018
Accepted (ET)
Jun 12, 2018 · 8:04 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Jun 10, 2018 | A | 72,674 | A | Jun 10, 2019 | Jun 10, 2028 | Common Stock | 72,674 | 72,674 | D |
| Performance Stock UnitsF3,F4,F5 | $0.00 | Jun 10, 2018 | A | 72,674 | A | — | — | Common Stock | 72,674 | 72,674 | D |
Explanation of responses
- F1Restricted Stock Units ("RSUs") granted pursuant to Issuer's 2011 Amended and Restated Equity Incentive Plan.
- F2RSUs vest over three years. One-third of the RSUs vest on the first anniversary of the grant date, which is June 10, 2019. The balance vest proportionately each month during the remaining two years beginning July 10, 2019 through June 10, 2021.
- F3Performance Stock Units ("PSUs") granted pursuant to Issuer's 2011 Amended and Restated Equity Incentive Plan.
- F4This is a target only. Value of PSUs is tied to satisfaction of certain performance criteria (other than the price of Issuer's common stock) determined after the close of FY2021. Reporting Person may acquire shares of Issuer's common stock to the extent that the performance criteria are satisfied. The actual number of shares ultimately deliverable ranges from -0- to 145,349 (subject to any subsequent stock splits and the like).
- F5Not applicable. See also footnote 4.