SEC Form 4 · accession 0001213900-17-001035
XTI Aerospace, Inc. · XTIA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kareem M Irfan
Director
Period of report
Feb 3, 2017
Accepted (ET)
Feb 7, 2017 · 3:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001529113
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 3, 2017 | A | 10,000 | — | A | 50,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy Common Stock)F3,F2 | $0.26 | Feb 3, 2017 | A | 20,000 | A | — | Feb 3, 2027 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1The reporting person is a participant in the issuer's Amended and Restated 2011 Employee Stock Incentive Plan, as amended from time to time. Represents a fully vested restricted stock award granted for services by the reporting person as a member of the board of directors pursuant to a Restricted Stock Award Agreement dated February 3, 2017.
- F2The stock options vest 1/48th each month starting from the grant date.
- F3The reporting person is a participant in the issuer's Amended and Restated 2011 Employee Stock Incentive Plan, as amended from time to time.