Ursprung Timothy Frederick 4
4 · GIGA TRONICS INC · Filed Aug 20, 2018
Insider Transaction Report
Form 4
GIGA TRONICS INCGIGA
Ursprung Timothy Frederick
VP of Sales & Marketing
Transactions
- Award
Non-Qualified Stock Option
2018-07-03+200,000→ 200,000 totalExercise: $0.32From: 2019-07-03Exp: 2028-07-03→ Common Stock (200,000 underlying) - Award
Series E Senior Convertible Voting Perpetual Preferred Stock
2018-08-01$25.00/sh+200$5,000→ 600 totalFrom: 2018-08-01→ Common Stock (20,000 underlying)
Footnotes (3)
- [F1]Each Series E Share is initially convertible 1 into 100 shares of the Company's common stock.
- [F2]Options vest on the following schedule: 25% vesting on the first anniversary of his employment and the remaining portion vesting at the rate of 1/48th per month thereafter.
- [F3]Not applicable