SEC Form 4 · accession 0001019687-16-005950
LANTRONIX INC · LTRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Yoder
Officer — VP of Worldwide Sales
Period of report
Apr 1, 2016
Accepted (ET)
Apr 20, 2016 · 4:30 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 | $0.86 | Apr 1, 2016 | A | 100,000 | A | — | Apr 1, 2023 | Common Stock | 100,000 | 100,000 | D |
| Stock Option (Right to buy)F2 | $0.86 | Apr 1, 2016 | A | 100,000 | A | — | Apr 1, 2023 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1The option vests according to the following schedule: 25% of the option (25,000 shares) vests on April 1, 2017 and the remainder of the option (75,000 shares) shall vest ratably each month thereafter over a period of 36 months.
- F2The option vests according to the following schedule: 25% of the option (25,000 shares) vests on September 1, 2017 and the remainder of the option (75,000 shares) shall vest ratably each month thereafter over a period of 36 months.