SEC Form 4 · accession 0001437749-18-006131
GIGA TRONICS INC · GIGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gordon Almquist
Director
Period of report
Aug 3, 2017
Accepted (ET)
Apr 3, 2018 · 9:13 am EDT
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 | Aug 3, 2017 | A | 26,000 | $0.00 | A | 155,500 | 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 OptionF3 | $0.85 | Aug 3, 2017 | A | 11,000 | A | Aug 3, 2018 | Aug 3, 2027 | Common Stock | 11,000 | 71,500 | D |
| Series E Senior Convertible Voting Perpetual Preferred StockF2,F4 | — | Mar 26, 2018 | A | 300 | A | Mar 26, 2018 | — | Common Stock | 30,000 | 300 | D |
Explanation of responses
- F1Restricted stock vests on the following schedule: At March 31, 2018, subject to Grantee's Continuous service with the Company, 100% of the Shares shall vest and become free of any restriction..
- F2Each Series E Share is initially convertible 1 into 100 shares of the Company's common stock.
- F3Options 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.
- F4Not applicable.