Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ALARA CAPITAL AVI II, LLC
   2. Issuer Name and Ticker or Trading Symbol
GIGA TRONICS INC [GIGA] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
1150 FIRST AVENUE, SUITE 450		 3. Date of Earliest Transaction (Month/Day/Year)
07/08/2013
(Street)

KING OF PRUSSIA, PA 19406		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series D Convertible Voting Perpetual Preferred Stock (1) (2) 07/08/2013   P   5,111.86   07/08/2013   (3) Common Stock (GIGA) 511,186 $ 143 5,111.86 D  
Warrant to Purchase Common Stock (right to buy) $ 3.3 07/08/2013   J     506,219 (4) 02/07/2012 08/07/2014 Common Stock (GIGA) 506,219 $ 0 0 D  
Warrant to Purchase Common Stock (right to buy) $ 1.43 07/08/2013   P   506,219 (4)   07/08/2013 08/07/2015 Common Stock (GIGA) 506,219 $ 0.125 506,219 D  
Warrant to Purchase Common Stock (right to buy) (1) $ 1.43 07/08/2013   P   511,186   07/08/2013 01/08/2016 Common Stock (GIGA) 505,615 $ 0.125 511,186 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ALARA CAPITAL AVI II, LLC
1150 FIRST AVENUE
SUITE 450
KING OF PRUSSIA, PA 19406		   X   X    

Signatures

 /s/ Darren C. Wallis, Managing Member, Alara Capital AVI II, LLC   07/10/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Pursuant to the terms of a Securities Purchase Agreement dated June 27, 2013 (the "SPA"), the Reporting Person purchased 5,111.86 shares of Series D Convertible Voting Perpetual Preferred Stock of the Issuer, convertible at any time at the option of the holder into 511,186 shares of common stock of the Issuer, based upon a purchase price of $1.43 per share of common stock (or $143.00 per Series D preferred share), subject to customary adjustments. The Reporting Person also acquired, at a per share price of $0.125, a warrant representing the right to purchase 511,186 shares of the Issuer's common stock at an exercise price of $1.43 per share.
(2) 1 share of Series D Preferred Stock is convertible into 100 shares of Common Stock.
(3) Perpetual.
(4) In 11/2011, the Reporting Person acquired a warrant to purchase 848,684 shares of the Issuer's common stock at the price of $3.30 per share ("Warrant"), which became exercisable on 2/7/12. Pursuant to a Securities Purchase agreement dated 2/19/13, the Issuer and the Reporting Person agreed to terminate the Reporting Person's right to acquire 342,465 shares of the 848,684 shares underlying the Warrant and an amended warrant was issued representing the right to acquire 506,219 shares of the Issuer's common stock at a price of $3.30 per share ("Amended Warrant"). In connection with the 6/27/13 SPA, the Issuer and the Reporting Person agreed to cancel the Amended Warrant and, in exchange, the Reporting Person acquired at a per share price of $0.125 a new warrant representing the right to purchase 506,219 shares of the Issuer's common stock at an exercise price of $1.43 per share ("New Warrant"). The New Warrant expires on 8/7/15, if and to the extent not exercised earlier.

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