Sanders Larry D 4
4 · LANTRONIX INC · Filed Aug 31, 2011
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Sanders Larry D
Director
Transactions
- Award
Stock Option (Right to buy)
2011-08-13+32,704→ 32,704 totalExercise: $3.18Exp: 2012-08-26→ Common Stock (32,704 underlying) - Disposition to Issuer
Stock Option (Right to buy)
2011-08-13−15,101→ 0 totalExercise: $3.06Exp: 2012-06-24→ Common Stock (15,101 underlying) - Disposition to Issuer
Stock Option (Right to buy)
2011-08-13−32,704→ 0 totalExercise: $3.18Exp: 2012-06-24→ Common STock (32,704 underlying) - Award
Stock Option (Right to buy)
2011-08-13+15,101→ 15,101 totalExercise: $3.06Exp: 2012-08-26→ Common Stock (15,101 underlying)
Footnotes (2)
- [F1]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on 11/19//2008 and provides for 100% vesting on the first anniversary of the grant.
- [F2]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on 11/18/2009 and provides for commencement of vesting on 11/18/2009 with 50% of the shares vesting on the first anniversary of the grant (11/18/2010) and 1/24 of the remaining shares shall vest each month thereafter over a 24 month period, so as to have 100% of the total option grant be vested three years after the grant date