SEC Form 4 · accession 0001144204-15-039834
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
Jun 24, 2015
Accepted (ET)
Jun 29, 2015 · 6:50 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,F2 | Jun 24, 2015 | J | 24,260 | $0.282 | D | 10,353,314 | 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 her 0.24% ownership of MBTH into a proportionate number of shares of common stock of xG Technology, Inc. held by MBTH.
- F2Mr. Branton owns shares, options and warrants of the Registrant through MBTH, of which 45.2% is owned by MB Merchant Group, LLC, of which Mr. Branton beneficially owns 20%.