SEC Form 4 · accession 0001144204-18-028169
xG TECHNOLOGY, INC. · XGTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard L Mooers
Director
Period of report
Mar 24, 2018
Accepted (ET)
May 14, 2018 · 4:02 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,F2 | Mar 24, 2018 | A | 25,000 | $1.55 | A | 324,564 | D | |
| Common StockF3 | May 1, 2018 | A | 12,049 | $0.83 | A | 336,613 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF2 | $1.55 | Mar 24, 2018 | A | 0 | A | — | Mar 24, 2027 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1These shares of common stock relate to certain option granted on March 24, 2017 that have now vested. A description of the option is set forth in Footnote 2 below.
- F2These options were granted on March 24, 2017. The options vest over three years with 25,000 shares subject to the options vesting on the first anniversary of the grant, 25,000 vesting on the second anniversary of the grant, and 25,000 vesting on the third anniversary of the grant, until fully vested on March 24, 2020. A portion of the options have vested as noted in Footnote 1.
- F3The securities were issued to Mr. Mooers pursuant to the 2016 Incentive Compensation Plan of xG Technology, Inc.