SEC Form 4 · accession 0001019687-15-003367
LANTRONIX INC · LTRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeremy Whitaker
Officer — Chief Financial Officer
Period of report
Sep 1, 2015
Accepted (ET)
Sep 3, 2015 · 5:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001114925
Table I — non-derivative securities
No Table I lines on this filing.
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 | $1.35 | Sep 1, 2015 | A | 40,000 | A | — | Sep 1, 2022 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1The option vests according to the following schedule: 25% of the option (10,000 shares) vests on the first anniversary of the grant date and the remainder of the option (30,000 shares) shall vest ratably each month thereafter over a period of 36 months.