SEC Form 4 · accession 0001683168-19-000556
LANTRONIX INC · LTRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Benck
Officer — Chief Executive Officer · Director
Period of report
Mar 4, 2019
Accepted (ET)
Mar 5, 2019 · 5:37 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 | Mar 4, 2019 | M | 74,986 | $1.12 | A | 408,255 | 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)F1 | $1.12 | Mar 4, 2019 | M | 18,736 | D | — | Dec 5, 2022 | Common Stock | 18,736 | 56,250 | D |
| Stock Option (Right to buy)F2 | $1.12 | Mar 4, 2019 | M | 56,250 | D | — | Dec 5, 2022 | Common Stock | 56,250 | 93,750 | D |
Explanation of responses
- F1The option vests according to the following schedule: 25% of the option (37,500 shares) vested September 1, 2017 and the remainder of the option (112,500 shares) is vesting ratably each month thereafter over a period of 36 months.
- F2The option vests according to the following schedule: 25% of the option (37,500 shares) vested September 1, 2018 and the remainder of the option (112,500 shares) is vesting ratably each month thereafter over a period of 36 months.