Spring Mountain Capital, LLC 3
3 · GIGA TRONICS INC · Filed Jan 9, 2019
Insider Transaction Report
Form 3
GIGA TRONICS INCGIGA
Spring Mountain Capital, LLC
10% Owner
Holdings
Series C Convertible Voting Perpetual Preferred Stock
→ Common Stock (342,467 underlying)Warrant (Right to Buy Common Stock)
Exercise: $1.78Exp: 2020-02-16→ Common Stock (823,097 underlying)- 940,734
Common Stock
Series B Convertible Voting Perpetual Preferred Stock
→ Common Stock (918,069 underlying)Series D Convertible Voting Perpetual Preferred Stock
→ Common Stock (511,186 underlying)Warrant (Right to Buy Common Stock)
Exercise: $1.76Exp: 2020-02-23→ Common Stock (194,437 underlying)
Footnotes (9)
- [F1]Represents shares of common stock of Issuer owned directly by the Reporting Persons as follows: 499,576 owned by SMC Co-Investment LP and 441,158 owned by SMC PE LP.
- [F2]The Series B Convertible Voting Perpetual Preferred Stock (the "Series B Preferred Stock") is convertible at any time upon request and is initially convertible into shares of common stock on a 1:100 basis. It has no expiration date.
- [F3]Represents shares of common stock of Issuer issuable upon the conversion of shares of Series B Preferred Stock owned directly by the Reporting Persons as follows: 688,552 owned by SMC Co-Investment LP, 57,379 owned by SMC Offshore and 172,138 owned by Steffens.
- [F4]The Series C Convertible Voting Perpetual Preferred Stock (the "Series C Preferred Stock") is exercisable at any time upon request and is initially convertible into shares of common stock on a 1:100 basis. It has no expiration date.
- [F5]Represents shares of common stock of Issuer issuable upon the conversion of Series C Preferred Stock owned directly by the Reporting Persons as follows: 147,620 owned by SMC Co-Investment LP, 48,712 owned by SMC Offshore and 146,135 owned by Steffens.
- [F6]The Series D Convertible Voting Perpetual Preferred Stock (the "Series D Preferred Stock") is exercisable at any time upon request and is initially convertible into shares of common stock on a 1:100 basis. It has no expiration date.
- [F7]Represents shares of common stock of Issuer issuable upon the conversion of Series D Preferred Stock, owned directly by the Reporting Persons as follows: 70,028 owned by SMC Co-Investment LP and 441,158 owned by SMC PE LP.
- [F8]Represents shares of common stock of Issuer issuable upon the exercise of Warrants directly owned by the Reporting Persons as follows: 342,235 by SMC Co-Investment LP and 480,862 by SMC PE LP. Such Warrants are immediately exercisable.
- [F9]Represents shares of common stock of Issuer issuable upon the exercise of Warrants directly owned by the Reporting Persons as follows: 194,437 by SMC Co-Investment LP. Such Warrants are immediately exercisable.