Statement of Changes in Beneficial Ownership (4)
August 04 2020 - 05:39PM
Edgar (US Regulatory)
FORM 4
[ ]
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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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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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 *
STERLING MICHELLE M |
2. Issuer Name and Ticker or Trading
Symbol Digital Turbine, Inc. [ APPS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
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(Last)
(First)
(Middle)
110 SAN ANTONIO STREET, SUITE 160 |
3. Date of Earliest Transaction (MM/DD/YYYY)
7/31/2020
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(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 |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock |
7/31/2020 |
|
A(1) |
|
6691 (2) |
A |
$0 |
18890 |
D |
|
Common Stock |
|
|
|
|
|
|
|
13640 |
I |
See Footnote (3) |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
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 |
Explanation of
Responses: |
(1) |
Grant of of restricted
common stock units (the "Shares") pursuant to Issuer's Amended and
Restated 2011 Equity Incentive Plan. Such Shares were granted as
part of Reporting Person's compensation for services as a
non-employee director of Issuer for the period August 1, 2020
through July 31, 2021. |
(2) |
The Shares vest in four
equal quarterly increments on November 1, 2020, February 1, 2021,
May 1, 2021 and August 1, 2021. The last quarter of unvested shares
will automatically vest as of the annual meeting of stockholders if
Reporting Person either is not re-elected or is not nominated for
re-election, and the annual meeting occurs before the final vesting
of the grant. |
(3) |
Shares are held by a trust,
of which the Reporting Person is trustee. Reporting Person
disclaims beneficial ownership of Shares held by the trust except
to the extent of his pecuniary interest therein. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
STERLING MICHELLE M
110 SAN ANTONIO STREET
SUITE 160
AUSTIN, TX 78701 |
X |
|
|
|
Signatures
|
/s/ Michelle M. Sterling |
|
8/4/2020 |
**Signature of
Reporting Person |
Date |
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