SEC Form 4 · accession 0001683168-18-003730
LANTRONIX INC · LTRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeremy Whitaker
Officer — Chief Financial Officer
Period of report
Dec 14, 2018
Accepted (ET)
Dec 17, 2018 · 6:19 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 | Dec 14, 2018 | M | 1,250 | $0.00 | A | 152,252 | D | |
| Common Stock | Dec 14, 2018 | F | 433 | $2.79 | D | 151,819 | 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,F1 | — | Dec 14, 2018 | M | 1,250 | D | — | — | Common Stock | 1,250 | 8,750 | D |
Explanation of responses
- F1Represents Restricted Stock Units ("RSUs") granted on September 14, 2016. The restricted stock units ("RSUs") vest such that (a) 25% of the shares (5,000 shares) vested on September 14, 2017, the one-year anniversary of the grant date and (b) 1/16 of the shares (1,250 shares) vest quarterly thereafter, such that one hundred percent (100%) of the RSUs will be fully vested on the four-year anniversary of the grant date.
- F2In accordance with the terms of the RSU Agreement, 433 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.