SEC Form 4 · accession 0001179110-19-002020
DIGI INTERNATIONAL INC · DGII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon A. Nyland
Officer — VP, Manufacturing Operations
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 6:32 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 Stock | Feb 13, 2019 | M | 12,500 | $7.40 | A | 55,866 | D | |
| Common Stock | Feb 13, 2019 | M | 21,929 | $9.35 | A | 77,795 | D | |
| Common StockF1 | Feb 13, 2019 | S | 34,429 | $13.2992 | D | 43,366 | D | |
| Common Stock | Feb 14, 2019 | M | 5,469 | $10.32 | A | 48,835 | D | |
| Common StockF2 | Feb 14, 2019 | S | 5,469 | $13.3262 | D | 43,366 | D | |
| Common Stock | Feb 15, 2019 | M | 12,500 | $10.81 | A | 55,866 | D | |
| Common StockF3 | Feb 15, 2019 | S | 12,500 | $13.4398 | D | 43,366 | 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)F4 | $7.40 | Feb 13, 2019 | M | 12,500 | D | — | Nov 20, 2024 | Common Stock | 12,500 | 0 | D |
| Employee Stock Option (right to buy)F4 | $9.35 | Feb 13, 2019 | M | 21,929 | D | — | Nov 20, 2022 | Common Stock | 21,929 | 0 | D |
| Employee Stock Option (right to buy)F5 | $10.32 | Feb 14, 2019 | M | 5,469 | D | — | Nov 28, 2014 | Common Stock | 5,469 | 13,281 | D |
| Employee Stock Option (right to buy)F4 | $10.81 | Feb 15, 2019 | M | 12,500 | D | — | Nov 20, 2023 | Common Stock | 12,500 | 12,500 | D |
Explanation of responses
- F1Reflects the weighted average price of 34,429 shares of common stock of Digi International Inc. sold by the reporting person in multiple transactions on February 13, 2019 with sale prices ranging from $13.20 to $13.36 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F2Reflects the weighted average price of 5,469 shares of common stock of Digi International Inc. sold by the reporting person in multiple transactions on February 14, 2019 with sale prices ranging from $13.30 to $13.39 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F3Reflects the weighted average price of 12,500 shares of common stock of Digi International Inc. sold by the reporting person in multiple transactions on February 15, 2019 with sale prices ranging from $13.40 to $13.48 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F4Fully vested.
- F5The option vests as to 25% of the shares on November 28, 2018 and thereafter in 36 monthly installments.