SEC Form 4 · accession 0001683168-18-001249
LANTRONIX INC · LTRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daryl R Miller
Officer — VP, Engineering
Period of report
May 7, 2018
Accepted (ET)
May 9, 2018 · 7:27 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 Stock | May 7, 2018 | M | 16,000 | $1.63 | A | 47,372 | D | |
| Common Stock | May 7, 2018 | S | 16,000 | $2.3118 | D | 31,372 | D | |
| Common Stock | May 8, 2018 | M | 5,320 | $1.63 | A | 36,692 | D | |
| Common Stock | May 8, 2018 | S | 5,320 | $2.34 | D | 31,372 | 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)F3 | $1.63 | May 7, 2018 | M | 16,000 | D | — | Sep 9, 2018 | Common Stock | 16,000 | 17,250 | D |
| Stock Option (Right to buy)F3 | $1.63 | May 8, 2018 | M | 5,320 | D | — | Sep 9, 2018 | Common Stock | 5,320 | 11,930 | D |
Explanation of responses
- F1Represent shares of common stock acquired via exercise of Stock Options granted on September 9, 2011 (the "Grant Date") under the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan (the "2010 SIP").
- F2Average price calculated from total sales over total number of shares sold. Sales price on May 7, 2018 ranged from $2.31 to $2.33; sales price on May 8, 2018 ranged from $2.34 to $2.3401.
- F3The option vests according to the following schedule: 25% of the option (8,312 shares) vested on the first anniversary of the Grant Date and the remainder of the option (24,938 shares) vest ratably each month thereafter over a period of 36 months.