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LANTRONIX INC — Director's Dealing 2018
Dec 13, 2018
33788_dirs_2018-12-13_5acf4ea6-5a9a-4b78-8671-86d34274945f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2018-12-12
Reporting Person: Benck Jeff (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-12-12 | Common Stock | F | 18672 | $3.00 | Disposed | 283255 | Direct |
| 2018-12-12 | Common Stock | M | 50014 | $1.12 | Acquired | 333269 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-12-12 | Stock Option (Right to Buy) | $1.12 | M | 50014 | Disposed | 2022-12-05 | Common Stock (50014) | Direct |
Footnotes
F1: Constitutes previously owned shares surrendered to cover the exercise price of the option being exercised through a stock swap.
F2: Represents shares of common stock acquired via exercise of Stock Options granted on December 5, 2015 (the "Grant Date") under the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan (the "2010 SIP").
F3: The option vests according to the following schedule: 25% of the option (37,500 shares) vested September 1, 2017 and the remainder of the option (112,500 shares) is vesting ratably each month thereafter over a period of 36 months.