SEC Form 4 · accession 0001683168-17-002275
LANTRONIX INC · LTRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Benck
Officer — Chief Executive Officer · Director
Period of report
Aug 29, 2017
Accepted (ET)
Aug 31, 2017 · 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 | $2.16 | Aug 29, 2017 | A | 120,000 | A | — | Aug 29, 2024 | Common Stock | 120,000 | 120,000 | D |
Explanation of responses
- F1The option vests according to the following schedule: 25% of the option (30,000 shares) vests on the first anniversary of the grant date and the remainder of the option (90,000 shares) shall vest ratably each month thereafter over a period of 36 months.