SEC Form 4 · accession 0001213900-16-011265
XTI Aerospace, Inc. · XTIA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wendy Loundermon
Officer — VP of Finance
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 3:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001529113
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (Right to Buy Common Stock)F2,F1 | $0.52 | Feb 25, 2016 | A | 15,000 | A | — | Feb 25, 2026 | Common Stock | 15,000 | 422,500 | D |
Explanation of responses
- F1The stock options vest 1/48th each month starting from the grant date.
- F2The reporting person is a participant in the Company's Amended and Restated 2011 Employee Stock Incentive Plan, as amended from time to time.