SEC Form 4 · accession 0001437749-18-022224
GIGA TRONICS INC · GIGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gordon Almquist
Director
Period of report
Apr 19, 2018
Accepted (ET)
Dec 18, 2018 · 9:44 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 | Apr 19, 2018 | A | 75,000 | $0.00 | A | 230,500 | 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 OptionF2 | $0.339 | Apr 19, 2018 | A | 25,000 | A | Apr 19, 2019 | Apr 19, 2028 | Common Stock | 25,000 | 96,500 | D |
Explanation of responses
- F1Restricted stock vests on the following schedule: At March 30, 2019, subject to Grantee's Continuous service with the Company, 100% of the Shares shall vest and become free of any restriction.
- F2Options vest on the following schedule: 25% of the Shares vest at the first anniversary from the date of grant and 25% of the Shares on each successive anniversary thereafter.