UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2
(Amendment No. 3)*
Digital Turbine, Inc.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
25400W102
(CUSIP Number)
December 31, 2019
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐  Rule 13d-1(b)
☒  Rule 13d-1(c)
☐  Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
CUSIP No. 25400W102
 SCHEDULE 13G
Page 2 of 6
 
 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Bruce Grossman
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  o
3
SEC USE ONLY
 
 
  
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
  
NUMBER OF
SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
Less than 5.0% of class
6
SHARED VOTING POWER
 
Less than 5.0% of class
7
SOLE DISPOSITIVE POWER
 
Less than 5.0% of class
8
SHARED DISPOSITIVE POWER
 
Less than 5.0% of class
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
Less than 5.0% of class
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
 o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
Less than 5.0% of class
  
12
TYPE OF REPORTING PERSON
 
IN
  

 
 
CUSIP No. 25400W102
 SCHEDULE 13G
Page 3 of 6
 
Item 1.
(a)
 Name of Issuer
   
Digital Turbine, Inc.
   
  (b) Address of Issuer’s Principal Executive Offices
   
110 San Antonio Street, Suite 160
Austin, TX 78701
   
Item 2.
(a)
 Name of Person Filing
   
Bruce Grossman (the “Reporting Person”)
   
 
(b)
 Address of Principal Business Office or, if none, Residence; (c) Citizenship
   
c/o Dillon Hill Capital LLC
200 Business Park Drive, Suite 306
Armonk, NY 10504
       
  (c) Citizenship  
    USA  
       
  (d) Title of Class of Securities
    See cover page  
       
  (e) CUSIP Number  
   
See cover page
  
 
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
 [__] 
Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o)
 
(b)
 [__] 
Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c)
 
(c)
 [__] 
Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c)
 
(d)
 [__] 
Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8)
 
(e)
 [__] 
An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E)
 
(f)
 [__] 
An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F);
 
(g)
 [__] 
A Parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G);
 
(h)
 [__] 
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813)
 
(i)
 [__] 
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3)
 
(j)
 [__] 
Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
 
 
CUSIP No. 25400W102
 SCHEDULE 13G
Page 4 of 6
 
Item 4.                  Ownership 
As of December 31, 2019 the Reporting Person ceased to beneficially own more than five percent of the class of securities, based on 85,814,655 shares of Common Stock outstanding as of October 31, 2019, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2019.
(a)
 Amount Beneficially Owned
   
See row 9 of cover page
   
  (b) Percent of Class
    See row 11 of cover page
   

(c)
 Number of Shares as to which such person has
   
Bruce Grossman (the “Reporting Person”)

    (i)
Sole power to vote or to direct the vote:
See row 5 of cover page
       
    (ii)
Shared power to vote or to direct the vote:
See row 6 of cover page
       
    (iii)
Sole power to dispose or to direct the disposition of:
See row 7 of cover page
       
    (iv)
Shared power to dispose or to direct the disposition of:
See row 8 of cover page

 
CUSIP No. 25400W102
 SCHEDULE 13G
Page 5 of 6
 
Item 5.                  Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following box  ☒.
Item 6.                  Ownership of More than Five Percent on Behalf of Another Person
See Item 4.
Item 7.                  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
See Item 4.
Item 8.                  Identification and Classification of Members of the Group
Not Applicable.
Item 9.                  Notice of Dissolution of Group
Not Applicable.
Item 10. Certifications
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
CUSIP No. 25400W102
 SCHEDULE 13G
Page 6 of 6
 
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.
Date:   February 6, 2020
 
/s/ Bruce Grossman
 
Name:  Bruce Grossman