SEC Form 4 · accession 0001437749-15-003797
GIGA TRONICS INC · GIGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lutz P Henckels
Director
Period of report
Feb 27, 2015
Accepted (ET)
Mar 2, 2015 · 3:06 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 - Restricted Share Award AgreementF1 | Feb 25, 2015 | A | 36,000 | $0.00 | A | 107,804 | D | |
| Common StockF3,F1 | Feb 27, 2015 | S | 30,000 | $1.84 | D | 77,804 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to buy)F2 | $1.84 | Feb 25, 2015 | A | 5,500 | A | Feb 25, 2016 | Feb 25, 2025 | Common Stock | 5,500 | 5,500 | D |
Explanation of responses
- F1Reported ownership excludes shares of preferred stock and common stock owned by Alara Capital as to which the reporting person disclaims beneficial ownership.
- F2The option becomes exercisable in five equal installments of 20% annually beginning February 26, 2015, until fully vested and will expire on February 25, 2025.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.80 to $1.90, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares sold at each separate price within the range set forth in this footnote.