SEC Form 4 · accession 0001185185-18-000309
XPLORE TECHNOLOGIES CORP · XPLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip S Sassower
Other
Period of report
Feb 22, 2018
Accepted (ET)
Feb 26, 2018 · 3:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001177845
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 14, 2018 | J | 12,262 | $0.00 | D | 1,104,037 | I | See Footnote |
| Common StockF1 | Feb 14, 2018 | J | 12,262 | $0.00 | A | 1,104,037 | I | See Footnote |
| Common StockF1 | Feb 22, 2018 | S | 12,262 | $2.97 | D | 1,091,775 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On or about February 14, 2018, SG Phoenix LLC distributed all of the 24,524 shares it held to its owners, Mr. Sassower and Andax LLC. As a result, Mr. Sassower no longer beneficially holds the 12,262 shares distributed to Andax LLC, and his beneficial ownership of the 12,262 shares he received became his direct ownership. This transaction was exempt under Rule 16a-13. Mr. Sassower sold his 12,262 on February 22, 2018. As of February 22, 2018, Mr. Sassower's holdings include only shares held by Phoenix Venture Fund LLC ("Phoenix") (1,091,775). Mr. Sassower is a co-manager of Phoenix, in which Mr. Sassower shares voting and dispositive power with another co-manager. Mr. Sassower disclaims any beneficial ownership of the shares held by Phoenix except to the extent of his pecuniary interest, if any, in such shares. Mr. Sassower resigned from all positions with the issuer on October 18, 2017.