SEC Form 4 · accession 0001683168-18-003461
LANTRONIX INC · LTRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul F Folino
Director
Period of report
Nov 13, 2018
Accepted (ET)
Nov 15, 2018 · 4:35 pm EST
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 | Nov 14, 2018 | M | 5,000 | $0.00 | A | 135,968 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Nov 14, 2018 | M | 5,000 | D | — | — | Common Stock | 5,000 | 0 | D |
| Restricted Stock UnitsF2,F3 | — | Nov 13, 2018 | A | 10,000 | A | — | — | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 14, 2017 (the "Grant Date").
- F2RSUs convert into common stock on a one-for-one basis.
- F3The restricted stock units ("RSUs") will vest at the rate of one half (1/2) of the shares vesting six (6) months following the Grant Date and one half (1/2) of the shares vesting on the first anniversary of the Grant Date, such that the RSUs will be fully (100%) vested after one (1) year.