Statement of Changes in Beneficial Ownership (4)
April 27 2020 - 6:20PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
WESCH DAVID |
2. Issuer Name and Ticker or Trading Symbol
Digital Turbine, Inc.
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APPS
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Accounting Officer |
(Last)
(First)
(Middle)
110 SAN ANTONIO STREET, SUITE 160 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/17/2020 |
(Street)
AUSTIN, TX 78701
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Options (right to buy) (1) | $5.12 | 4/17/2020 | | A | | 20956 | | 5/17/2020 (2) | 4/17/2030 | Common Stock | 20956.0 | $0 | 20956 | D | |
Employee Stock Options (right to buy) (1) | $0.7 | | | | | | | 2/10/2017 (2) | 1/10/2027 | Common Stock | 20000.0 | | 20000 | D | |
Employee Stock Options (right to buy) (1) | $0.65 | | | | | | | 12/2/2016 (2) | 11/2/2026 | Common Stock | 25000.0 | | 25000 | D | |
Employee Stock Options (right to buy) (1) | $4.18 | | | | | | | 6/29/2015 (2) | 5/29/2025 | Common Stock | 25000.0 | | 25000 | D | |
Employee Stock Options (right to buy) (1) | $2.56 | | | | | | | 9/3/2015 (2) | 8/3/2025 | Common Stock | 10000.0 | | 10000 | D | |
Employee Stock Options (right to buy) (1) | $1.04 | | | | | | | 7/9/2016 (2) | 6/9/2026 | Common Stock | 30000.0 | | 30000 | D | |
Employee Stock Options (right to buy) (1) | $1.09 | | | | | | | 8/4/2018 (3) | 8/3/2027 | Common Stock | 50000.0 | | 50000 | D | |
Employee Stock Options (right to buy) (1) | $1.43 | | | | | | | 12/9/2017 (4) | 12/9/2025 | Common Stock | 12250.0 | | 12250 | D | |
Employee Stock Options (right to buy) (1) | $0.71 | | | | | | | 2/2/2019 (4) | 2/2/2027 | Common Stock | 36675.0 | | 36675 | D | |
Employee Stock Options (right to buy) (1) | $1.68 | | | | | | | 7/7/2018 (2) | 6/7/2028 | Common Stock | 40000.0 | | 40000 | D | |
Employee Stock Options (right to buy) (1) | $3.88 | | | | | | | 6/21/2019 (2) | 5/21/2029 | Common Stock | 25000.0 | | 25000 | D | |
Explanation of Responses: |
(1) | Employee stock options (right to buy)("Options") granted pursuant to Issuer's 2011 Amended and Restated Equity Incentive Plan. |
(2) | Options vest over three years. Vesting occurs monthly, in equal installments, over a period of thirty-six months beginning one month after date of grant (i.e., the date indicated). |
(3) | Options vest over three years. One-third of the Options vest on the first anniversary of the grant date (i.e., the date indicated), and the balance vests proportionately each month during the remaining two years. |
(4) | Options vest over four years: 50% vest on the 2-year anniversary of the grant date (i.e., the date indicated), and remaining 50% vest on the 4-year anniversary of the grant date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
WESCH DAVID 110 SAN ANTONIO STREET SUITE 160 AUSTIN, TX 78701 |
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| Chief Accounting Officer |
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Signatures
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/s/ David Wesch | | 4/27/2020 |
**Signature of Reporting Person | Date |
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