SEC Form 4 · accession 0001144204-16-126773
xG TECHNOLOGY, INC. · XGTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C Coleman
Officer — President · Director
Period of report
Sep 30, 2016
Accepted (ET)
Oct 4, 2016 · 4:10 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 | Sep 30, 2016 | A | 42,931 | $0.32 | A | 112,476 | D | |
| Common StockF2 | Oct 3, 2016 | S | 42,931 | $0.4686 | D | 69,545 | D | |
| Common StockF3 | Oct 3, 2016 | A | 21,702 | $0.288 | A | 91,247 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities were issued to Mr. Coleman pursuant to the 2016 Employee Stock Purchase Plan of xG Technology, Inc.
- F2The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 23, 2016.
- F3The securities were issued to Mr. Coleman pursuant to the 2015 Employee Incentive Plan of xG Technology, Inc.