SEC Form 4 · accession 0001144204-17-061168
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
Oct 12, 2017
Accepted (ET)
Nov 28, 2017 · 4:02 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 | Oct 12, 2017 | J | 154,321 | $1.62 | A | 482,483 | I | By MB Technology Holdings, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Schmitt is a 36.84% interest holder of MB Technology Holdings, LLC ("MBTH"). MBTH acquired the 154,321 shares of the Company's common stock disclosed above upon exercising a warrant to purchase common stock in an amount equal to $250,000 at an exercise price of $1.62 per share.