Key facts
- This page summarizes Timothy Long's Form 4 filing for GIGA TRONICS INC.
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 12 Sep 2022, 16:26.
Timothy Long - 08 Sep 2022 Form 4 Insider Report for GIGA TRONICS INC
- Reporting relationship
- Chief Operating Officer
- Issuer ticker
- N/A
- Reported as of
- 08 Sep 2022
- Net transaction value
- $0
- Reporting owner signature
- /s/ Timothy Long
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Timothy Long filed Form 4 for GIGA TRONICS INC on 12 Sep 2022.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GIGA
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +99,950
- Change %
- Price
- $0.000000
- Shares after
- 99,950
- Date
- 08 Sep 2022
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GIGA
transaction
Derivative
Stock Options (Right to Buy)
Award
- Transaction value
- Shares
- +199,900
- Change %
- Price
- Shares after
- 199,900
- Date
- 08 Sep 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 199,900
- Exercise price
- $2.93
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote 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).
Footnote 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.
Footnote 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.
Footnote F4
Not applicable.