SEC Form 4 · accession 0001144204-15-000051
xG TECHNOLOGY, INC. · XGTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard L Mooers
Director
Period of report
Dec 30, 2014
Accepted (ET)
Jan 2, 2015 · 10:47 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001565228
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 30, 2014 | J | 3,474 | $1.37 | D | 6,255,100 | I | By MB Technology Holdings, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1An owner of MB Technology Holdings, LLC ("MBTH"), elected to convert his 0.056% ownership of MBTH into a proportionate number of all of the shares of common stock of xG Technology, Inc. ("xG"), held by MBTH.
- F2Family entities and trusts for the benefit of Mr. Mooers' children beneficially own shares, options and warrants of xG Technology, Inc. (the "Company") through MB Merchant Group, LLC, of which these family trusts and entities beneficially own 80%, which in turn is a 45.2% owner of MB Technology Holdings, LLC ("MBTH").