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LANTRONIX INC — Director's Dealing 2021
Sep 15, 2021
33788_dirs_2021-09-15_df69098a-6ace-4535-a8d9-59405a0e7353.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: 2021-09-13
Reporting Person: Holliday Roger (VP of Worldwide Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-09-13 | Common Stock | A | 43042 | — | Acquired | 70895 | Direct |
| 2021-09-13 | Common Stock | F | 14884 | $6.24 | Disposed | 56011 | Direct |
| 2021-09-13 | Common Stock | A | 15000 | — | Acquired | 71011 | Direct |
| 2021-09-13 | Common Stock | F | 5187 | $6.24 | Disposed | 65824 | Direct |
Footnotes
F1: On February 1, 2020, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. Sixteen percent of the target number of RSUs subject to the award are eligible to vest in fiscal 2020 and 42% of the target number of RSUs subject to the award are eligible to vest in each of the remaining two years beginning in fiscal 2021 based on certain earnings per share targets, revenue targets and relative total stockholder return conditions. This transaction reflects the vesting and payment of 43,042 RSUs subject to the award on September 13, 2021 with respect to the performance conditions that were satisfied for fiscal 2021.
F2: In accordance with the terms of the applicable RSU award agreement, 14,884 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
F3: On November 2, 2020, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. One third of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2021 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 15,000 RSUs subject to the award on September 13, 2021 with respect to the performance conditions that were satisfied for fiscal 2021.
F4: In accordance with the terms of the applicable RSU award agreement, 5,187 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.