Sakai Reagan 4
4 · LANTRONIX INC · Filed Nov 23, 2009
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Sakai Reagan
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
[F1][F3]2009-09-01+62,500→ 105,171 total - Exercise/Conversion
Performance Shares
[F1][F2]2009-09-01−62,500→ 62,500 totalExp: 2012-09-01→ Common Stock (62,500 underlying)
Footnotes (3)
- [F1]Each performance share represents the right to receive one share of the Issuer's Common Stock.
- [F2]62,500 of the 250,000 shares of Restricted Common Stock granted to Reporting Person under the Issuer's 2000 Stock Plan. 62,500 shares were vested and released to the Reporting Person on September 1, 2009. The remaining shares will become exercisable on each succeeding September 1st and will be fully vested on September 1, 2012.
- [F3]Includes 28,282 shares of Common Stock acquired under the Issuer's Employee Stock Purchase Plan since the filing of the Reporting Person's Form 4.
Signature
/s/ Ronald Irick, Attorney-in-fact for Reagan Sakai|2009-11-23