Mooers Richard L 4
4 · xG TECHNOLOGY, INC. · Filed May 14, 2018
Insider Transaction Report
Form 4
Mooers Richard L
Director10% Owner
Transactions
- Award
Common Stock
2018-03-24$1.55/sh+25,000$38,750→ 324,564 total - Award
Common Stock
2018-05-01$0.83/sh+12,049$10,001→ 336,613 total - Award
Options
2018-03-24+0→ 50,000 totalExercise: $1.55Exp: 2027-03-24→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]These shares of common stock relate to certain option granted on March 24, 2017 that have now vested. A description of the option is set forth in Footnote 2 below.
- [F2]These options were granted on March 24, 2017. The options vest over three years with 25,000 shares subject to the options vesting on the first anniversary of the grant, 25,000 vesting on the second anniversary of the grant, and 25,000 vesting on the third anniversary of the grant, until fully vested on March 24, 2020. A portion of the options have vested as noted in Footnote 1.
- [F3]The securities were issued to Mr. Mooers pursuant to the 2016 Incentive Compensation Plan of xG Technology, Inc.