SEC Form 4 · accession 0001144204-15-041333
xG TECHNOLOGY, INC. · XGTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ross James Woodyatt
Officer — President
Period of report
Jul 1, 2015
Accepted (ET)
Jul 7, 2015 · 1:00 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 | Jul 1, 2015 | A | 8,636 | $0.29 | A | 13,698 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities were issued to Mr. Woodyatt pursuant to the xG Technology, Inc. 2013 Long-Term Stock Incentive Plan.
- F2On April 22, 2015, the Issuer incorrectly reported, on a Form 4 filing, the amount of securities beneficially owned by Mr. Woodyatt to be 38,465. The correct number of securities beneficially owned by Mr. Woodyatt at that time was 37,290, which overstated his ownership by 1,175. All Form 4s thereafter filed by the Issuer on behalf of Mr. Woodyatt, including those filed on 05/07/15, 05/19/15, 06/04/15, 06/22/15, and 06/24/15, reported the same overstatement. The number referenced by this footnote has been adjusted by 1,175 to reflect the correct number of shares beneficially owned by Mr. Woodyatt.