SEC Form 4 · accession 0001179110-16-024791
DIGI INTERNATIONAL INC · DGII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin C. Riley
Officer — Chief Operating Officer
Period of report
May 13, 2016
Accepted (ET)
May 17, 2016 · 10:02 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000854775
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 13, 2016 | M | 20,000 | $9.59 | A | 76,389 | D | |
| Common StockF2 | May 13, 2016 | S | 20,000 | $11.163 | D | 56,389 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $9.59 | May 13, 2016 | M | 20,000 | D | — | Jan 30, 2021 | Common Stock | 20,000 | 105,000 | D |
Explanation of responses
- F1Includes 947.478 shares acquired under Digi International Inc.'s Employee Stock Purchase Plan between January 1, 2016 and March 31, 2016.
- F2Represents the sale of 20,000 shares in multiple transactions, ranging in price from $11.05 to $11.24 per share, resulting in a weighted average sale price of $11.163. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price within the range.
- F3The option vests as follows: 25% of the shares vested on January 30, 2014 and thereafter in 36 monthly installments.