SEC Form 4 · accession 0001683168-18-002136
LANTRONIX INC · LTRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daryl R Miller
Officer — VP of Engineering
Period of report
Aug 1, 2018
Accepted (ET)
Aug 3, 2018 · 6:26 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 StockF1 | Aug 1, 2018 | M | 20,000 | $2.03 | A | 52,966 | D | |
| Common StockF2 | Aug 1, 2018 | F | 12,767 | $3.18 | D | 40,199 | 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 | $2.03 | Aug 1, 2018 | M | 20,000 | D | — | Aug 23, 2019 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1Represents shares of common stock acquired via exercise of Stock Options granted on August 23, 2012 (the "Grant Date") under the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan (the "2010 SIP").
- F2Constitutes previously owned shares surrendered to cover the exercise price of the option being exercised through a stock swap.
- F3The option vested according to the following schedule: 25% of the option (5,000 shares) vested on the first anniversary of the Grant Date and the remainder of the option (15,000 shares) vested ratably each month thereafter over a period of 36 months.