SEC Form 4 · accession 0001144204-15-000080
xG TECHNOLOGY, INC. · XGTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger G Branton
Officer — Chief Financial Officer · 10% Owner
Period of report
Dec 30, 2014
Accepted (ET)
Jan 2, 2015 · 12:50 pm 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 | A | 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.
- F2Mr. Branton owns shares, options and warrants of xG Technology, Inc. (the "Company") through MB Merchant Group, LLC, of which he beneficially owns 20%, which in turn is a 45.2% owner of MB Technology Holdings, LLC ("MBTH").