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LANTRONIX INC — Director's Dealing 2021
Dec 7, 2021
33788_dirs_2021-12-07_4d8661ad-cd5f-45e4-8c02-0983f65d77fd.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: 2021-12-03
Reporting Person: Whitaker Jeremy (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-12-03 | Common Stock | M | 2812 | — | Acquired | 177872 | Direct |
| 2021-12-03 | Common Stock | S | 972 | $7.01 | Disposed | 176492 | Direct |
| 2021-12-05 | Common Stock | M | 20053 | $1.35 | Acquired | 196545 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-12-03 | Restrick Stock Units | $ | M | 2812 | Disposed | Common Stock (2812) | Direct | |
| 2021-12-05 | Stock OPtion (Right to buy) | $1.35 | M | 20053 | Disposed | 2022-09-01 | Common Stock (20053) | Direct |
Footnotes
F1: Represents restricted stock units ("RSUs") granted on August 31, 2018. The RSUs vest such that (a) 25% of the shares (11,250 shares) vested on September 1, 2019, the one-year anniversary of the grant date and (b) 1/16 of the 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. Each RSU represents the right to receive one share of the issuer's common stock.
F2: Represents shares of Lantronix, Inc. common stock sold upon vesting to cover required tax withholding obligations.
F3: The reporting person transferred 408 of the net shares of Lantronix, Inc. common stock received at vesting to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.
F4: Represents shares of common stock acquired via exercise of stock options granted on September 1, 2015 under the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan.
F5: The reporting person previously exercised 19,947 stock options from this award granted on September 1, 2015 for the benefit of his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.