Statement of Changes in Beneficial Ownership (4)
June 03 2021 - 7:23PM
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
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GARRISON J. BARRETT |
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) Executive Vice President, CFO |
(Last)
(First)
(Middle)
110 SAN ANTONIO STREET, SUITE 160 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/1/2021 |
(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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Common Stock | 6/1/2021 | | A | | 14769 (1)(2) | A | $0 | 245032 | D | |
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 |
Performance Stock Units (3) | $0.0 | 6/1/2021 | | A | | 7384 (4) | | 6/1/2024 | (5) | Common Stock | 7384.0 (4) | $0 | 7384 (4) | D | |
Employee Stock Options (right to buy) (6)(7) | $67.71 | 6/1/2021 | | A | | 12697 | | 6/1/2022 | 6/2/2031 | Common Stock | 12697.0 | $0 | 12697 | D | |
Explanation of Responses: |
(1) | Restricted Stock Units ("RSUs") granted pursuant to Issuer's 2020 Equity Incentive Plan. |
(2) | RSUs vest over four years. One-fourth of the RSUs vest on the first anniversary of the grant date (i.e., the date indicated). The balance vest proportionately each month during the remaining three years following such first anniversary. |
(3) | Performance Stock Units ("PSUs") granted pursuant to Issuer's 2020 Equity Incentive Plan. |
(4) | This is a target only. The value of PSUs is tied to satisfaction of certain performance criteria (other than the price of Issuer's common stock) determined after the close of FY2024. Reporting Person may acquire shares of Issuer's common stock to the extent that the performance criteria are satisfied. The actual number of shares ultimately deliverable ranges from -0- to 14,768 (subject to any subsequent stock splits and the like). |
(5) | Not applicable |
(6) | Employee stock options (right to buy)("Options") granted pursuant to Issuer's 2020 Equity Incentive Plan. |
(7) | Options vest over four years. One-fourth of the Options vest on the first anniversary of the grant date (i.e., the date indicated in Column 3 of Table II), and the balance vests proportionately each month during the remaining three years following such first anniversary. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
GARRISON J. BARRETT 110 SAN ANTONIO STREET SUITE 160 AUSTIN, TX 78701 |
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| Executive Vice President, CFO |
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Signatures
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/s/ Barrett Garrison | | 6/3/2021 |
**Signature of Reporting Person | Date |
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