SEC Form 4 · accession 0001144204-15-024628
xG TECHNOLOGY, INC. · XGTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
MB Technology Holdings, LLC
10% Owner
Period of report
Apr 20, 2015
Accepted (ET)
Apr 23, 2015 · 4:29 pm EDT
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 | Apr 20, 2015 | J | 131,343 | $0.28 | A | 10,377,574 | I | By MB Technology Holdings, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1MB Technology Holdings, LLC ("MBTH") acquired shares of xG Technology, Inc. (the "Company"), from Wennberg Industries, in exchange for shares of MBTH, at a valuation of $0.28 of MBTH shares per share of the Company acquired.