SEC Form 4 · accession 0001144204-16-114852
xG TECHNOLOGY, INC. · XGTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Frederick Schmitt
Officer — Chief Executive Officer · Director
Period of report
Jul 20, 2016
Accepted (ET)
Jul 28, 2016 · 10:09 am 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 20, 2016 | A | 67,614 | $1.10 | A | 277,988 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities were issued to Mr. Schmitt pursuant to the 2015 Employee Stock Purchase Plan of xG Technology, Inc.
- F2Reporting Person identified a clerical error on the Form 4 filed on the Reporting Person's behalf on April 22, 2016. This filing reflects a correction of the previously reported shares beneficially owned by the Reporting Person.