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LANTRONIX INC — Director's Dealing 2022
Mar 4, 2022
33788_dirs_2022-03-04_943a5f77-c9be-47a9-b6ee-3b5a43c7a228.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: 2022-03-03
Reporting Person: Pickle Paul H (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-12-30 | Common Stock | G | 40000 | — | Disposed | 424019 | Direct |
| 2022-03-03 | Common Stock | M | 15625 | — | Acquired | 439644 | Direct |
| 2022-03-03 | Common Stock | S | 6112 | $6.5832 | Disposed | 433532 | Direct |
| 2022-03-04 | Common Stock | S | 172 | $6.4860 | Disposed | 433360 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-03 | Restricted Stock Units | $ | M | 15625 | Disposed | Common Stock (15625) | Direct |
Footnotes
F1: Represents inducement restricted stock units ("Inducement RSUs") granted on May 1, 2019. The shares subject to the Inducement RSUs shall vest according to the following schedule: 62,500 of the Inducement RSUs vested on June 1, 2020, and the remaining Inducement RSUs shall vest ratably each quarter thereafter for a period of 3 years. Each Inducement RSU represents the right to receive one share of the issuer's common stock.
F2: Represents shares of the issuer's common stock sold upon vesting to cover required tax withholding obligations.
F3: This transaction was executed in multiple trades at prices ranging from $6.47 to $6.70. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4: This transaction was executed in multiple trades at prices ranging from $6.49 to $6.65. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.