Sanders Larry D 4
4 · LANTRONIX INC · Filed Aug 18, 2011
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Sanders Larry D
Director
Transactions
- Award
Stock option (Right to buy)
2011-08-18+8,281→ 8,281 totalExercise: $3.06Exp: 2018-08-18→ Common Stock (8,281 underlying)
Footnotes (1)
- [F1]Grant to Reporting Person of an option to purchase 8,281 shares of Common Stock under the Issuer's 2010 Stock Incentive Plan. The options vest over a period of seventeen (17) months such that: (i) 2/17 of the total grant shall vest immediately as of the grant date; and (ii) 1/17 of the total grant shall vest on the 18th day of each month thereafter so long as Reporting Person remains a Service Provider to the Company (as such term is defined in the 2010 Stock Incentive Plan). The grant shall become fully vested on November 18, 2012.