SEC Form 4 · accession 0001437749-18-006127
GIGA TRONICS INC · GIGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R Regazzi
Officer — Chief Executive Officer · Director
Period of report
Mar 26, 2018
Accepted (ET)
Apr 3, 2018 · 9:08 am 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series E Senior Convertible Voting Perpetual Preferred StockF1,F9 | — | Mar 26, 2018 | A | 2,000 | A | Mar 26, 2018 | — | Common Stock | 200,000 | 2,000 | D |
| Non-Qualified Stock OptionF2,F4 | $1.64 | Mar 30, 2018 | D | 100,000 | D | — | Dec 15, 2021 | Common Stock | 100,000 | 199,750 | D |
| Non-Qualified Stock OptionF2,F4 | $1.42 | Mar 30, 2018 | D | 99,750 | D | — | Aug 22, 2022 | Common Stock | 99,750 | 100,000 | D |
| Non-Qualified Stock OptionF2,F4 | $1.65 | Mar 30, 2018 | D | 100,000 | D | — | Mar 13, 2023 | Common Stock | 100,000 | 0 | D |
| Non-Qualified Stock OptionF5,F4 | $0.33 | Mar 30, 2018 | A | 100,000 | A | Dec 15, 2012 | Dec 15, 2021 | Common Stock | 100,000 | 100,000 | D |
| Non-Qualified Stock OptionF6,F4 | $0.33 | Mar 30, 2018 | A | 99,750 | A | Aug 22, 2013 | Aug 22, 2022 | Common Stock | 99,750 | 199,750 | D |
| Non-Qualified Stock OptionF7,F4 | $0.33 | Mar 30, 2018 | A | 100,000 | A | Mar 13, 2014 | Mar 13, 2023 | Common Stock | 100,000 | 299,750 | D |
| Option to acquire Common StockF3 | $0.33 | Mar 30, 2018 | A | 100,000 | A | Mar 30, 2019 | Mar 30, 2028 | Common Stock | 100,000 | 399,750 | D |
| Warrants | $1.15 | Mar 26, 2018 | D | 60,300 | D | Jan 29, 2016 | Jan 29, 2021 | Common Stock | 60,300 | 0 | D |
| WarrantsF8 | $0.25 | Mar 26, 2018 | A | 60,300 | A | Jan 29, 2016 | Jan 29, 2021 | Common Stock | 60,300 | 60,300 | D |
Explanation of responses
- F1Each Series E Share is initially convertible 1 into 100 shares of the Company's common stock.
- F2Existing options for 299,750 shares of common stock were amended to reduce the exercise price.
- F3Options vest on the following schedule: 25% of the Shares vest at the first anniversary of the Vesting Commencement Date and 1/48th of the Shares on each month thereafter.
- F4Options vest on the following schedule: 20% of the Shares vest at the first anniversary from the date of grant and 20% of the Shares on each successive anniversary thereafter.
- F5Original date of grant is 12/15/2011.
- F6Original date of grant is 8/22/2012.
- F7Original date of grant is 3/13/2013.
- F8Original date of issuance is 1/29/2016. Warrant is exercisable, in whole or in part by the Holder at any time but no later than the Expiration Date. Warrant transactions represent a repricing pursuant to negotiations with unrelated third party investors.
- F9Not applicable.