HENCKELS LUTZ P 4
4 · GIGA TRONICS INC · Filed Sep 12, 2022
Insider Transaction Report
Form 4
GIGA TRONICS INCGIGA
HENCKELS LUTZ P
Director
Transactions
- Disposition to Issuer
Series C Convertible Voting Perpetual Preferred Shares
2022-09-08$146.00/sh−236$34,456→ 0 totalExercise: $21.90→ Common Stock (1,706.6 underlying) - Disposition to Issuer
Series B Convertible Voting Perpetual Preferred Shares
2022-09-08$231.00/sh−697.4$161,099→ 0 totalExercise: $34.65→ Common Stock (4,649.3 underlying) - Disposition to Issuer
Series D Convertible Voting Perpetual Preferred Shares
2022-09-08$143.00/sh−353$50,479→ 0 totalExercise: $21.45→ Common Stock (2,353.3 underlying)
Footnotes (2)
- [F1]Each share of preferred stock is convertible at any time upon request into shares of common stock on a 1:6.67 basis. Such preferred stock has no expiration date.
- [F2]The Issuer agreed to repurchase all shares of its outstanding preferred stock upon the closing of the transactions contemplated by the Share Exchange Agreement dated as of December 27, 2021 by and among the Issuer, BitNile Holdings, Inc. and Gresham Worldwide, Inc., which closing occurred on September 8, 2022.