Busch Kurt 4
4 · LANTRONIX INC · Filed Sep 7, 2011
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Busch Kurt
President and CEO
Transactions
- Award
Stock Option (Right to buy)
2011-08-23+350,000→ 350,000 totalExercise: $1.94Exp: 2018-08-23→ Common Stock (350,000 underlying)
Footnotes (1)
- [F1]The stock option shall be an incentive stock option to the extent permitted by the $100,000 rule of Internal Revenue Code Section 422(d). The stock options vest according to the following schedule: 25% (87,500) of the options vest on 08/23/2012 and the remaining options shall vest ratably each month thereafter for a period of 36 months, subject to Mr. Busch remaining a Service Provider to the Company through such dates (as defined in the Company's 2010 Stock Plan).