AI assistant
LANTRONIX INC — Director's Dealing 2018
Aug 9, 2018
33788_dirs_2018-08-09_4e3f32a5-3c2d-4e9b-bfbb-380a1805832c.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2018-08-07
Reporting Person: Miller Daryl R (VP, Engineering)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-08-07 | Common Stock | M | 30000 | $1.56 | Acquired | 70199 | Direct |
| 2018-08-07 | Common Stock | F | 12546 | $3.73 | Disposed | 57653 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-08-07 | Stock Option (Right to buy) | $1.56 | M | 30000 | Disposed | 2020-08-22 | Common Stock (30000) | Direct |
Footnotes
F1: Represents shares of common stock acquired via exercise of Stock Options granted on August 22, 2013 (the "Grant Date") under the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan (the "2010 SIP").
F2: Constitutes previously owned shares surrendered to cover the exercise price of the option being exercised through a stock swap.
F3: The option vested according to the following schedule: 25% of the option (7,500 shares) vested on the first anniversary of the Grant Date and the remainder of the option (22,500 shares) vested ratably each month thereafter over a period of 36 months.