4//SEC Filing
Long Timothy 4
Accession 0001553350-22-000756
CIK 0000719274other
Filed
Sep 11, 8:00 PM ET
Accepted
Sep 12, 4:26 PM ET
Size
8.3 KB
Accession
0001553350-22-000756
Insider Transaction Report
Form 4
GIGA TRONICS INCGIGA
Long Timothy
Chief Operating Officer
Transactions
- Award
Stock Options (Right to Buy)
2022-09-08+199,900→ 199,900 totalExercise: $2.93From: 2022-09-08Exp: 2026-05-25→ Common Stock (199,900 underlying) - Award
Common Stock
2022-09-08+99,950→ 99,950 total
Footnotes (4)
- [F1]Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The grant was exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder as it was approved by the board of directors of the Issuer, which was comprised of three non-employee directors in accordance with Rule 16b-3(d).
- [F2]Of the restricted stock units, 66,633 are fully vested and the remaining 33,317 restricted stock units shall vest in equal semi-annual installments with the first increment vesting on November 25, 2022 (with fractional numbers initially rounded up and then rounded down) through May 25, 2024, subject to continued service as an employee of the Company as of each applicable vesting date. Vested shares of common stock will be delivered to the Reporting Person upon the final vesting of the restricted stock units. The restricted stock units were issued under the Company's 2018 Equity Incentive Plan.
- [F3]The stock options were granted under the Company's 2018 Equity Incentive Plan and shall vest as follows: 141,605 options are fully vested and the remaining 58,295 options shall vest in monthly increments over a period of 21 months beginning on September 25, 2022 through May 25, 2024, subject to continued employment by the Company or any of its subsidiaries on each applicable vesting date.
- [F4]Not applicable.
Documents
Issuer
GIGA TRONICS INC
CIK 0000719274
Entity typeother
Related Parties
1- filerCIK 0001945617
Filing Metadata
- Form type
- 4
- Filed
- Sep 11, 8:00 PM ET
- Accepted
- Sep 12, 4:26 PM ET
- Size
- 8.3 KB