SEC Form 4/A · accession 0001019687-15-002257
LANTRONIX INC · LTRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Paul F Folino
Director
Period of report
May 22, 2015
Accepted (ET)
Jun 3, 2015 · 6:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001114925
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 30,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to buy)F1,F2 | $1.51 | holding | — | — | — | — | Nov 19, 2020 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1The stock option exercise reported on the original Form 4, filed with the Securities and Exchange Commission on May 27, 2015, was never consummated and the exercise was canceled prior to the issuance of shares. As a result, the reporting person never acquired beneficial ownership over the shares or disposed of the derivative securities identified in the original Form 4.
- F2The options were vested in twelve equal monthly installments, with the first installment vested on December 19, 2013 and the final installment vested on November 19, 2014.