SEC Form 4 · accession 0001144204-16-109563
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
Jun 21, 2016
Accepted (ET)
Jun 23, 2016 · 7:00 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 StockF3,F1,F2 | Jun 21, 2016 | S | 15,981 | $1.788 | D | 21,157 | I | Branton Partners LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Prior Form 4s filed on behalf of Mr. Branton and Branton Partners LLC incorrectly reported the total number of shares of the issuer owned by Branton Partners LLC. The aggregate total reflected on Table I, Column 5 reflects the correct amount of securities beneficially owned by Branton Partners LLC.
- F2Various 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%.
- F3The 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.