Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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. Date of Event Requiring Statement (Month/Day/Year)
11/10/2011
3. Issuer Name and Ticker or Trading Symbol
GIGA TRONICS INC [GIGA]
(Last)
(First)
(Middle)
C/O ALARA CAPITAL PARTNERS, LLC, 1045 FIRST AVENUE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

KING OF PRUSSIA, PA 19406
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series B Convertible Voting Perpetual Preferred Stock 11/10/2011   (1) Common Stock 999,700 (1) $ (1) D  
Warrant   (1)   (1) Common Stock 848,684 (1) $ (1) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ALARA CAPITAL AVI II, LLC
C/O ALARA CAPITAL PARTNERS, LLC
1045 FIRST AVENUE
KING OF PRUSSIA, PA 19406
    X    

Signatures

/s/ Darren C. Wallis, Managing Member of Alara Capital AVI II, LLC 11/14/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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 October 31, 2011, the reporting person purchased 9,997 shares of Series B Convertible Voting Perpetual Preferred Stock of the issuer, convertible at any time at the option of the holder into 999,700 shares of common stock, based on a conversion price of $2.20 per share of common stock, subject to customary adjustments, and received a warrant to purchase up to 848,684 shares of common stock for $3.30 per share, subject to customary adjustments, which warrant will be exercisable, subject to the approval of the shareholders of the issuer, for thirty months following such approval.

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