SEC Form 4 · accession 0001209191-18-045080
Digital Turbine, Inc. · APPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert M Deutschman
Director
Period of report
Jul 31, 2018
Accepted (ET)
Aug 2, 2018 · 6:40 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 StockF2,F3 | Jul 31, 2018 | A | 72,842 | $0.00 | A | 836,045 | I | See footnote 3. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of shares of restricted common stock (the "Shares") pursuant to Issuer's Amended and Restated 2011 Equity Incentive Plan. Such Shares were granted as part of Reporting Person's compensation for services as a non-employee director of Issuer for the period August 1, 2018 through July 31, 2019.
- F2The Shares vest in four equal quarterly increments on November 1, 2018, February 1, 2019, May 1, 2019 and August 1, 2019. The last quarter of unvested shares will automatically vest as of the annual meeting of stockholders if Reporting Person either is not re-elected or is not nominated for re-election, and the annual meeting occurs before the final vesting of the grant.
- F3Of such Shares, 294,268 are held by the Robert and Ellen Deutschman Family Trust (the "Trust"), of which the Reporting Person is trustee. Reporting Person disclaims beneficial ownership of Shares held by the Trust except to the extent of his pecuniary interest therein.