SEC Form 4 · accession 0001437749-18-015883
GIGA TRONICS INC · GIGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Frederick Ursprung
Officer — VP of Sales & Marketing
Period of report
Jul 3, 2018
Accepted (ET)
Aug 20, 2018 · 5:27 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock OptionF2 | $0.32 | Jul 3, 2018 | A | 200,000 | A | Jul 3, 2019 | Jul 3, 2028 | Common Stock | 200,000 | 200,000 | D |
| Series E Senior Convertible Voting Perpetual Preferred StockF1,F3 | — | Aug 1, 2018 | A | 200 | A | Aug 1, 2018 | — | Common Stock | 20,000 | 600 | D |
Explanation of responses
- F1Each Series E Share is initially convertible 1 into 100 shares of the Company's common stock.
- F2Options vest on the following schedule: 25% vesting on the first anniversary of his employment and the remaining portion vesting at the rate of 1/48th per month thereafter.
- F3Not applicable