SEC Form 4 · accession 0001437749-17-011732
GIGA TRONICS INC · GIGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Temi Oduozor
Officer — Principal Accounting Officer
Period of report
Jun 16, 2017
Accepted (ET)
Jun 22, 2017 · 9:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000719274
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share AwardF3,F1,F2 | — | Jun 16, 2017 | A | 75,000 | A | — | Jun 16, 2019 | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1Each restricted award is the economic equivalent of one share of Giga-tronics Inc. Common Stock
- F2The reporting person was granted 75,000 restricted share awards which has a two year cliff vest or is immediately vesting upon a change in control.
- F3Each restricted stock award represents the contingent right to receive one share of common stock upon vesting of the unit.