SEC Form 4 · accession 0001144204-16-109562
xG TECHNOLOGY, INC. · XGTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger G Branton
Officer — Chief Financial Officer
Period of report
Feb 16, 2016
Accepted (ET)
Jun 23, 2016 · 6:59 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,F4,F2,F3 | Feb 16, 2016 | A | 11,030 | $0.17 | A | 211,492 | I | Branton Partners LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities were issues to Mr. Branton pursuant to the 2015 Incentive Compensation Plan of xG Technology, Inc (the "Company"). The securities were received in lieu of compensation for Mr. Branton's services to the Company.
- F2The number reported in column five on this Form 4 reflects the correct number of shares beneficially owned by Branton Partners LLC at the time of this transaction.
- F3Various family entities, including Mr. Branton's spouse, children and trusts for the benefit of Mr. Branton's children beneficially own shares and warrants of the Company through Branton Partners, LLC, of which family trusts and entities beneficially own 100%.
- F4The numbers reported in columns 4 and 5 on this Form 4 do not reflect the 1-for-12 reverse split that occurred prior to the filing of this Form 4, and after the date of the transaction being reported hereon.