SEC Form 4 · accession 0001179110-16-032091
DIGI INTERNATIONAL INC · DGII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel K Young
Officer — Sr VP Research Dev. and CTO
Period of report
Nov 21, 2016
Accepted (ET)
Nov 23, 2016 · 5:07 pm EST
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 | Nov 21, 2016 | A | 11,141 | $0.00 | A | 44,430 | 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 Option (right to buy)F2 | $13.50 | Nov 21, 2016 | A | 31,250 | A | — | Nov 21, 2024 | Common Stock | 31,250 | 31,250 | D |
Explanation of responses
- F1Restricted stock units scheduled to vest in four substantially equal installments on each of November 21, 2017, 2018, 2019 and 2020.
- F2Options scheduled to vest as to 25% of the shares on November 21, 2017 and thereafter in 36 monthly installments.