Statement of Changes in Beneficial Ownership (4)

Date : 12/02/2019 @ 10:41PM
Source : Edgar (US Regulatory)
Stock : Digi International Inc (DGII)
Quote : 17.22  0.0 (0.00%) @ 11:59AM
Digi share price Chart

Statement of Changes in Beneficial Ownership (4)

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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
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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
                      

1. Name and Address of Reporting Person *

Loch James J.
2. Issuer Name and Ticker or Trading Symbol

DIGI INTERNATIONAL INC [ DGII ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Sr VP, CFO and Treasurer
(Last)          (First)          (Middle)

9350 EXCELSIOR BLVD, SUITE 700
3. Date of Earliest Transaction (MM/DD/YYYY)

11/27/2019
(Street)

HOPKINS, MN 55343
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 11/27/2019  A  13462 (1)A$0 67125 D  

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (right to buy) $17.94 11/27/2019  A   38889     (2)11/27/2026 Common Stock 38889 $0 38889 D  

Explanation of Responses:
(1) Restricted stock units scheduled to vest in four substantially equal increments on each of November 27, 2020, 2021, 2022 and 2023.
(2) The option vests as to 25% of the shares on November 27, 2020 and thereafter in 36 monthly installments.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Loch James J.
9350 EXCELSIOR BLVD
SUITE 700
HOPKINS, MN 55343


Sr VP, CFO and Treasurer

Signatures
/s/ Joshua L. Colburn, Attorney-in-Fact12/2/2019
**Signature of Reporting PersonDate

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