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LANTRONIX INC — Director's Dealing 2018
Mar 15, 2018
33788_dirs_2018-03-15_2f5b2ff6-a030-467f-ac14-008f9ecf2448.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: 2018-03-14
Reporting Person: Miller Daryl R (VP, Engineering)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-03-14 | Common Stock | M | 1250 | — | Acquired | 31886 | Direct |
| 2018-03-14 | Common Stock | F | 514 | $2.25 | Disposed | 31372 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-03-14 | Restricted Stock Units | $ | M | 1250 | Disposed | Common Stock (1250) | Direct |
Footnotes
F1: Represents Restricted Stock Units ("RSUs") granted on September 14, 2016. The restricted stock units ("RSUs") vest such that (a) 25% of the shares (5,000 shares) vested on September 14, 2017, the one-year anniversary of the grant date and (b) 1/16 of the shares (1,250 shares) vest quarterly thereafter, such that one hundred percent (100%) of the RSUs will be fully vested on the four-year anniversary of the grant date.
F2: In accordance with the terms of the RSU Agreement, 514 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.