4//SEC Filing
xG TECHNOLOGY, INC. 4
Accession 0001144204-15-012514
$VISLCIK 0001565228operating
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 11:08 AM ET
Size
7.2 KB
Accession
0001144204-15-012514
Insider Transaction Report
Form 4
MB Technology Holdings, LLC
10% Owner
Transactions
- Other
Common Stock
2015-02-24$0.46/sh+2,400,222$1,104,102→ 8,655,322 total - Other
Common Stock
2015-02-24$0.46/sh+1,590,909$731,818→ 10,246,231 total
Footnotes (2)
- [F1]For services rendered and loans outstanding, the Registrant, prior to this transaction, was indebted to MB Technology Holdings, LLC ("MBTH") in the amount of $1,839,239.04. The Registrant and MBTH agreed, as of the date of this transaction, that payment of $1,106,098.00 of the outstanding debt owed by the Registrant to MBTH would be made in a number of shares of common stock of the Registrant of value equal to this portion of the total outstanding debt.
- [F2]For services rendered and loans outstanding, in contemplation of the transaction referenced by footnote (1) above, prior to this transaction, the Registrant remained indebted to MBTH in the amount of $733,141.04. The Registrant and MBTH agreed, as of the date of this transaction, that payment of the balance of this remaining outstanding debt would be made in a number of shares of common stock of the Registrant of value equal to the remaining balance of the outstanding debt.
Documents
Issuer
xG TECHNOLOGY, INC.
CIK 0001565228
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001565228
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 11:08 AM ET
- Size
- 7.2 KB