SEC Form 4 · accession 0001683168-18-002575
LANTRONIX INC · LTRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Benck
Officer — Chief Executive Officer
Period of report
Aug 31, 2018
Accepted (ET)
Aug 31, 2018 · 7:59 am 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Aug 31, 2018 | A | 120,000 | A | — | — | Common Stock | 120,000 | 120,000 | D |
Explanation of responses
- F1The restricted stock units ("RSUs") shall vest such that (a) 25% of the shares (30,000 shares) vest on September 1, 2019 (b) 1/16 of the shares (7,500 shares) vest quarterly thereafter, such that one hundred percent (100%) of the RSUs will be fully vested on September 1, 2022.