Initial Statement of Beneficial Ownership (3)

Date : 05/09/2019 @ 9:32PM
Source : Edgar (US Regulatory)
Stock : Digi International Inc (DGII)
Quote : 14.28  0.0 (0.00%) @ 10:59PM
After Hours
Last Trade
Last $ 14.28 ▲ 0.01 (0.07%)

Initial Statement of Beneficial Ownership (3)

FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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
                      

1. Name and Address of Reporting Person *

Schneider Terrence G.

2. Date of Event Requiring Statement (MM/DD/YYYY)
4/30/2019 

3. Issuer Name and Ticker or Trading Symbol

DIGI INTERNATIONAL INC [DGII]

(Last)        (First)        (Middle)

9350 EXCELSIOR BLVD, SUITE 700

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
VP, Supply Chain /

(Street)

HOPKINS, MN 55343       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   24416   (1) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy)     (2) 8/2/2023   Common Stock   40000   $10.96   D    
Employee Stock Option (right to buy)     (3) 11/28/2024   Common Stock   12500   $10.325   D    
Employee Stock Option (right to buy)     (4) 12/6/2025   Common Stock   12500   $11.23   D    

Explanation of Responses:
(1)  Comprised of 15,000 restricted stock units ("RSUs") scheduled to vest in four substantially equal increments on each of August 2, 2017, 2018, 2019 and 2020; 5,061 RSUs scheduled to vest in four substantially equal increments on each of November 28, 2018, 2019, 2020 and 2021; and 4,355 RSUs scheduled to vest in four substantially equal increments on each of December 6, 2019, 2020, 2021 and 2022.
(2)  The option vests as to 25% of the shares on August 2, 2017 and thereafter in 36 monthly installments.
(3)  The option vests as to 25% of the shares on November 28, 2018 and thereafter in 36 monthly installments.
(4)  The option vests as to 25% of the shares on December 6, 2019 and thereafter in 36 monthly installments.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Schneider Terrence G.
9350 EXCELSIOR BLVD
SUITE 700
HOPKINS, MN 55343


VP, Supply Chain

Signatures
/s/ Joshua L. Colburn, attorney-in-fact 5/8/2019
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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