Filing Details

Accession Number:
0001144204-14-071702
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-12-01 20:15:07
Reporting Period:
2014-11-26
Filing Date:
2014-12-01
Accepted Time:
2014-12-01 20:15:07
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1565228 Xg Technology Inc. XGTI Communications Equipment, Nec (3669) 205856795
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1582450 L Richard Mooers 240 S Pineapple Ave, Ste 701
Sarasota FL 34236
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2014-11-26 72,992 $1.37 6,258,574 No 4 P Indirect By MB Technology Holdings, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By MB Technology Holdings, LLC
Footnotes
  1. The securities were purchased by MB Technology Holdings, LLC ("MBTH") in an offering pursuant to the Company's Registration Statement filed on Form S-3 (File No. 333-197820), declared effective by the SEC on August 1, 2014 (the "Registration Statement") on the terms and conditions set forth in the prospectus supplement to the Registration Statement, dated November 26, 2014.
  2. Family entities and trusts for the benefit of Mr. Mooers' children beneficially own shares, options and warrants of the Company through MB Merchant Group, LLC., of which these family trusts and entities beneficially own 80%, which in turn is a 45.2% owner of MBTH.