SEC Form 4 · accession 0001144204-17-000613
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
Dec 12, 2016
Accepted (ET)
Jan 4, 2017 · 4:36 pm EST
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 | Dec 12, 2016 | A | 16,026 | $0.39 | A | 1,603 | D | |
| Common StockF1 | Dec 29, 2016 | A | 10,646 | $1.29 | A | 12,249 | D | |
| Common StockF3 | Dec 30, 2016 | S | 10,646 | $1.29 | D | 1,603 | 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 Incentive Compensation Plan of xG Technology, Inc.
- F2Share amounts have been adjusted to give effect to a 1-for-10 reverse stock split effected on December 15, 2016. Partial shares were rounded up.
- F3The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2016.