SEC Form 4 · accession 0001144204-18-037870
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
Jun 14, 2018
Accepted (ET)
Jul 10, 2018 · 5:06 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 | Jun 14, 2018 | A | 25,639 | $0.75 | A | 781,140 | D | |
| Common StockF2 | Jul 10, 2018 | A | 3,852 | $0.64 | A | 784,992 | 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 2016 Incentive Compensation Plan of xG Technology, Inc.
- F2The shares were received as compensation for Mr. Schmitt's service as a member of the Board of Directors of the Issuer for the 2nd quarter of fiscal year 2018, ending June 30, 2018.