5//SEC Filing
xG TECHNOLOGY, INC. 5
Accession 0001144204-17-009118
$VISLCIK 0001565228operating
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 6:52 PM ET
Size
9.5 KB
Accession
0001144204-17-009118
Insider Transaction Report
Form 5
Schmitt George Frederick
Director10% Owner
Transactions
- Other
Common Stock
2016-10-27$48.00/sh+2,977$142,896→ 70,819 total - Other
Common Stock
2016-10-27$4.00/sh+25,000$100,000→ 95,819 total - Other
Warrants
2016-10-27$175006.00/sh+20,834$3,646,075,004→ 20,834 totalExercise: $8.40From: 2016-10-27Exp: 2021-10-27→ Common Stock (20,834 underlying)
Footnotes (3)
- [F1]In August 2015, Mr. Schmitt advanced $500,000.00 (the "Indebtedness Amount") to the Issuer. In partial repayment of the Indebtedness Amount (the "Repayment"), the Issuer issued to Mr. Schmitt 2,977 shares of the Issuer's common stock, par value $0.00001 per share (the "Common Stock") and warrants to purchase 20,834 shares of Common Stock.
- [F2]The Issuer issued Mr. Schmitt shares of the Common Stock in consideration for Mr. Schmitt's personal guaranty of the payables underlying the Asset Purchase Modification Agreement entered into by and between the Issuer and Integrated Microwave Technologies, LLC on April 12, 2016.
- [F3]Share totals have been adjusted to reflect a 1-for- reverse stock split effected by the Issuer on December 15, 2016.
Documents
Issuer
xG TECHNOLOGY, INC.
CIK 0001565228
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001565228
Filing Metadata
- Form type
- 5
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 6:52 PM ET
- Size
- 9.5 KB