GIGA TRONICS INC 4
4 · GIGA TRONICS INC · Filed Jul 7, 2014
Insider Transaction Report
Form 4
GIGA TRONICS INCGIGA
Almquist Gordon
Director
Transactions
- Award
Non-Qualified Stock Option (Right to buy)
2014-07-01+7,500→ 40,500 totalExercise: $2.47From: 2015-07-01Exp: 2024-07-01→ Common Stock (7,500 underlying) - Award
Common Stock - Restricted Share Award Agreement
2014-07-01+38,000→ 0 total
Footnotes (3)
- [F1]The option becomes exercisable in five equal installments of 20% annually beginning July 1, 2015 until fully vested and will expire on July 1, 2024.
- [F2]This award of shares to be granted in 2015, there is no expiration date.
- [F3]This is an award of shares to be granted on a restricted basis not an option to buy, there is no exercise price or conversion.