Replies to post #2796 on XG Technology, Inc (XGTI)

[calbwt]

Schmitt's acquisitions during 2016 calendar year:

Jan. 06: 229,378 shares "2015 Employee Stock Purchase Plan"
Apr. 19: 991,667 shares "2015 Employee Stock Purchase Plan"
Jul. 20: 67,614 shares "2015 Employee Stock Purchase Plan"
Aug. 26: 103,444 shares "2015 Employee Incentive Compensation Plan"
Oct. 3: 296,984 shares "2016 Employee Stock Purchase Plan"

I don't see any purchases on the open market there. They're all through payroll deductions from Schmitt's rather healthy salary (and at a discount), or they're gifts outright.