SEC Form 4 · accession 0001683168-18-003462
LANTRONIX INC · LTRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin M Hale Jr.
Director
Period of report
Nov 13, 2018
Accepted (ET)
Nov 15, 2018 · 4:36 pm EST
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 UnitsF2,F1 | — | Nov 13, 2018 | A | 10,000 | A | — | — | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1The 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.
- F2Martin Hale, Jr. holds the RSUs listed in this Form 4 (and any shares of Common Stock issuable upon exercise thereof) for the benefit of Hale Capital Partners, LP.
Remarks
Mr. Hale serves on the Board of Directors of the Issuer as a representative of Hale Capital Partners, LP, a Delaware limited partnership ("HCP"). Accordingly, HCP, Hale Fund Partners, LLC, a Delaware limited liability company and the general partner of HCP, Hale Fund Management, LLC, a Delaware limited liability company and the general partner of Hale Capital Management, LP, and Hale Capital Management, LP, the manager of HCP, may be deemed directors by deputization by virtue of the fact Mr. Hale currently serves on the Board of Directors of the Issuer.