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LANTRONIX INC — Director's Dealing 2020
Jan 6, 2020
33788_dirs_2020-01-06_1da0dceb-0dd6-40fe-8446-116c3714936d.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: 2019-12-28
Reporting Person: Yoder Kevin (VP of Worldwide Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-12-28 | Common Stock | M | 50000 | $0.86 | Acquired | 134605 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-12-28 | Stock Option (Right to buy) | $0.86 | M | 50000 | Disposed | 2023-04-02 | Common Stock (50000) | Direct |
Footnotes
F1: Represents shares of common stock acquired via exercise of Stock Options granted on April 1, 2016 (the "Grant Date") pursuant to an Inducement Stock Option Agreement.
F2: The option vests according to the following schedule: (i) 25% of the option (25,000 shares) vested on April 1, 2017, which was the one year anniversary of the Vesting Commencement Date (April 1, 2016) and (ii) 1/48 of the option vests on each monthly anniversary of the Vesting Commencement Date thereafter, such that 100% of the option will be fully vested on the four year anniversary of the Vesting Commencement Date.