Digital Turbine, Inc. Quarterly report pursuant to sections 13 or 15(d)

Quarterly report pursuant to sections 13 or 15(d)

Description of Stock Plans (Tables)

Description of Stock Plans (Tables)

9 Months Ended

Dec. 31, 2013

The following table summarizes options granted under the Company’s 2011 Equity Incentive Plan for the periods or as of the dates indicated:

Options


(in thousands)	Number of Shares			Weighted Average Exercise Price
Outstanding at March 31, 2013		60		$	4.65

Granted		873		$	4.31
Canceled		—		$	—
Forfeited		—		$	—
Exercised		—		$	—

Outstanding, June 30, 2013		933		$	4.32

Granted		121		$	3.86
Canceled		—		$	—
Rescinded		(49	)	$	4.42
Forfeited		—		$	—
Exercised		—		$	—

Outstanding, September 30, 2013		1,005		$	4.27

Granted		1,625		$	2.66
Canceled		—		$	—
Forfeited		(30	)	$	4.50
Exercised		—		$	—

Outstanding, December 31, 2013		2,600		$	3.26

Vested and expected to vest at December 31, 2013		1,847		$	3.33

Exercisable, December 31, 2013		125		$	3.74

Exercise Price for Options Outstanding and Options Exercisable


Exercise Price	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Life (Years)		Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Life (Years)
$2.50 – $2.75		1,160	$	2.60		9.83		30	$	2.75		9.76
$2.76 – $2.85		465	$	2.83		9.76		3	$	2.83		9.76
$3.85		116	$	3.85		9.58		16	$	3.85		9.58
$4.00		237	$	4.00		9.40		40		4.00		9.40
$4.05		107	$	4.05		9.40		21	$	4.05		9.40
$4.50		455	$	4.50		9.45		—	$	4.50		—
$4.65		60	$	4.65		9.24		15	$	4.65		9.24

		2,600	$	3.26				125	$	3.74

Summary of Equity Compensation Plan, Nonvested Options

A summary of the status of the Company’s 2007 Employee, Director and Consultant Stock Plan equity compensation plan, nonvested options as of March 31, 2013 and 2012 pursuant to the Plan, and changes during the years ended March 31, 2013 and 2012 is presented below:

Option Plans


(in thousands)	Number of Shares		Weighted Average Exercise Price
Outstanding at March 31, 2013		960	$	9.00

Granted		—	$	—
Canceled		—	$	—
Forfeited		—	$	—
Exercised		—	$	—

Outstanding at December 31, 2013		960	$	9.00

Stock Compensation Expense

Total stock compensation expense for the Company’s 2007 Employee, Director and Consultant Stock Plan equity compensation plan and Amended and Restated 2011 Equity Incentive Plan is included in the following statements of operations components:


	Nine Months Ended December, 2013		Nine Months Ended December, 2012
Product development	$	—	$	—
Sales and marketing		—		—
General and administrative		1,906		630

	$	1,906	$	630

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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