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Filing Details

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
1540778	Frederick George Schmitt	240 South Pineapple Avenue, Suite 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	100,000	$1.37	2,476,852	No	4	P	Direct
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	Direct
No	4	P	Indirect	By MB Technology Holdings, LLC

Footnotes

The securities were purchased by Mr. Schmitt 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.
The securities were purchased by 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.
Mr. Schmitt has a direct 36.32% ownership interest in MB Technology Holdings, LLC ("MBTH"). IN addition, Mr. Schmitt, through his employment agreement as CEO of MBTH, has been granted an option to purchase MBTH shares sufficient to give him five percent (5%) of the equity ownership of MBTH shares and its subsidiaries, based on MBTH's total capitalization as of the date of execution of his employment agreement with MBTH and fully diluted to incorporate all shares issued and amounts paid in the exercise of such option.