SEC Form 4 · accession 0001683168-16-000724
LANTRONIX INC · LTRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin M Hale Jr.
Director · 10% Owner
Period of report
Nov 16, 2016
Accepted (ET)
Nov 18, 2016 · 4:30 pm EST
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)F2,F1 | $1.38 | Nov 16, 2016 | A | 25,000 | A | — | Nov 16, 2023 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1The options shall vest in twelve equal monthly installments, with the first installment vesting on December 16, 2016 and the final installment vesting on November 16, 2017.
- F2Martin Hale, Jr. holds the stock options listed in this Form 4 (and any shares of Common Stock issuable upon exercise thereof) for the benefit of Hale Capital Partners, LP.
Remarks
Mr. Hale serves on the Board of Directors of the Issuer as a representative of Hale Capital Partners, LP, a Delaware limited partnership ("HCP"). Accordingly, HCP, Hale Fund Partners, LLC, a Delaware limited liability company and the general partner of HCP, Hale Fund Management, LLC, a Delaware limited liability company and the general partner of Hale Capital Management, LP, and Hale Capital Management, LP, the manager of HCP, may be deemed directors by deputization by virtue of the fact Mr. Hale currently serves on the Board of Directors of the Issuer.