Lima Marcelo G 4
4 · LANTRONIX INC · Filed May 17, 2010
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Lima Marcelo G
Director
Transactions
- Award
Stock Option (Right to Buy)
2010-05-06+18,466→ 18,466 totalExercise: $4.00From: 2011-05-06Exp: 2020-05-06→ Common Stock (18,466 underlying)
Footnotes (1)
- [F1]Grant to Reporting Person of an option to purchase 18,466 shares of Common Stock under the Issuer's 2000 Stock Plan. The option vests and becomes exercisable as to 9,233 shares on May 6, 2011 and as to 1/24th of the remaining shares each month thereafter so as to be 100% vested approximately three years following the grant date. Notwithstanding the foregoing vesting schedule, vesting may accelerate upon the Company being acquired in a change of control transaction.