0001553350-22-000756.txt : 20220912 0001553350-22-000756.hdr.sgml : 20220912 20220912162653 ACCESSION NUMBER: 0001553350-22-000756 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: Long Timothy CENTRAL INDEX KEY: 0001945617 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14605 FILM NUMBER: 221238839 MAIL ADDRESS: STREET 1: 7272 E. INDIAN SCHOOL ROAD STREET 2: SUITE 540 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 0001945617 Long Timothy C/O GIGA-TRONICS INCORPORATED 5990 GLEASON DR DUBLIN CA 94568 0 1 0 0 Chief Operating Officer Common Stock 2022-09-08 4 A 0 99950 0 A 99950 D Stock Options (Right to Buy) 2.93 2022-09-08 4 A 0 199900 A 2022-09-08 2026-05-25 Common Stock 199900 199900 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, 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. 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. Not applicable. /s/ Timothy Long 2022-09-12