0001553350-22-000754.txt : 20220912
0001553350-22-000754.hdr.sgml : 20220912
20220912162440
ACCESSION NUMBER: 0001553350-22-000754
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220908
FILED AS OF DATE: 20220912
DATE AS OF CHANGE: 20220912
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: READ JONATHAN R
CENTRAL INDEX KEY: 0001356504
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14605
FILM NUMBER: 221238814
MAIL ADDRESS:
STREET 1: 6711 E. CAMELBACK RD
STREET 2: #32
CITY: SCOTTSDALE
STATE: AZ
ZIP: 85251
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GIGA TRONICS INC
CENTRAL INDEX KEY: 0000719274
STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
IRS NUMBER: 942656341
STATE OF INCORPORATION: CA
FISCAL YEAR END: 0326
BUSINESS ADDRESS:
STREET 1: 5990 GLEASON DR
CITY: DUBLIN
STATE: CA
ZIP: 94568
BUSINESS PHONE: 9253294650
MAIL ADDRESS:
STREET 1: 5990 GLEASON DR
CITY: DUBLIN
STATE: CA
ZIP: 94568
4
1
ownership.xml
X0306
4
2022-09-08
0
0000719274
GIGA TRONICS INC
GIGA
0001356504
READ JONATHAN R
C/O GIGA-TRONICS INCORPORATED
5990 GLEASON DR
DUBLIN
CA
94568
1
1
0
0
Chief Executive Officer
Common Stock
2022-09-08
4
A
0
149925
0
A
149925
D
Stock Options (Right to Buy)
2.93
2022-09-08
4
A
0
299851
A
2022-09-08
2026-05-25
Common Stock
299851
299851
D
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).
Of the restricted stock units, 99,951 are fully vested and the remaining 49,974 restricted stock units shall vest in four 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.
The stock options were granted under the Company's 2018 Equity Incentive Plan and shall vest as follows: 212,401 options are fully vested, and the remaining 87,450 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.
Not applicable.
/s/ Jonathan Read
2022-09-12