SEC Form 4 · accession 0001437749-15-003412
GIGA TRONICS INC · GIGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
ALARA CAPITAL AVI II, LLC
Director · 10% Owner
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 7:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000719274
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 23, 2015 | X | 178,383 | $1.43 | A | 1,002,818 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant to Purchase Common Stock (right to buy) | $1.43 | Feb 23, 2015 | X | 178,383 | D | Jul 8, 2013 | Jan 8, 2016 | Common Stock (GIGA) | 178,383 | 14,587 | D |
| Warrant to Purchase Common Stock (right to buy) | $1.76 | Feb 23, 2015 | P | 194,437 | A | Feb 13, 2015 | Feb 23, 2020 | Common Stock (GIGA) | 194,437 | 194,437 | D |
| Warrant to Purchase Common Stock (right to buy) | $1.78 | holding | — | — | — | Feb 16, 2015 | Feb 16, 2020 | Common Stock (GIGA) | 898,634 | 898,634 | D |
Explanation of responses
- F1Pursuant to the terms of a Securities Purchase Agreement dated February 16, 2015, as amended (the "SPA"), the Reporting Person exercised warrants to purchase 178,383 shares of common stock of the Issuer at a exercise price of $1.43 per share.
- F2Pursuant to the SPA, the Reporting Person purchased a warrant to purchase shares of common stock of the Issuer at an exercise price of $1.78 per share (the "New Warrant"). The Reporting Person paid the Issuer $0.125 per underlying shares for the issuance of the New Warrant.