Digital Turbine Inc.

04/27/2020 | Press release | Archived content

Statement of changes in beneficial ownership of securities

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 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
WESCH DAVID
2. Issuer Name and Ticker or Trading Symbol
Digital Turbine, Inc. [APPS]
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 (Month/Day/Year)
04/17/2020
(Street)
AUSTIN, TX 78701
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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 04/17/2020 A 20,956 05/17/2020(2) 04/17/2030 Common Stock 20,956.00 $ 0 20,956 D
Employee Stock Options (right to buy) (1) $ 0.70 02/10/2017(2) 01/10/2027 Common Stock 20,000.00 20,000 D
Employee Stock Options (right to buy) (1) $ 0.65 12/02/2016(2) 11/02/2026 Common Stock 25,000.00 25,000 D
Employee Stock Options (right to buy) (1) $ 4.18 06/29/2015(2) 05/29/2025 Common Stock 25,000.00 25,000 D
Employee Stock Options (right to buy) (1) $ 2.56 09/03/2015(2) 08/03/2025 Common Stock 10,000.00 10,000 D
Employee Stock Options (right to buy) (1) $ 1.04 07/09/2016(2) 06/09/2026 Common Stock 30,000.00 30,000 D
Employee Stock Options (right to buy) (1) $ 1.09 08/04/2018(3) 08/03/2027 Common Stock 50,000.00 50,000 D
Employee Stock Options (right to buy) (1) $ 1.43 12/09/2017(4) 12/09/2025 Common Stock 12,250.00 12,250 D
Employee Stock Options (right to buy) (1) $ 0.71 02/02/2019(4) 02/02/2027 Common Stock 36,675.00 36,675 D
Employee Stock Options (right to buy) (1) $ 1.68 07/07/2018(2) 06/07/2028 Common Stock 40,000.00 40,000 D
Employee Stock Options (right to buy) (1) $ 3.88 06/21/2019(2) 05/21/2029 Common Stock 25,000.00 25,000 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WESCH DAVID
110 SAN ANTONIO STREET
SUITE 160
AUSTIN, TX 78701
Chief Accounting Officer

Signatures

/s/ David Wesch 04/27/2020
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(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.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.