LANTRONIX INC 4
4 · LANTRONIX INC · Filed Apr 20, 2016
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Datla Sanjeev
Chief Technology Officer
Transactions
- Award
Stock Option (Right to buy)
2016-04-01+100,000→ 100,000 totalExercise: $0.86Exp: 2023-04-01→ Common Stock (100,000 underlying) - Award
Stock Option (Right to buy)
2016-04-01+50,000→ 50,000 totalExercise: $0.86Exp: 2023-04-01→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]The option vests according to the following schedule: 25% of the option (25,000 shares) vests on April 1, 2017 and the remainder of the option (75,000 shares) shall vest ratably each month thereafter over a period of 36 months.
- [F2]The option vests according to the following schedule: 25% of the option (12,500 shares) vests on September 1, 2017 and the remainder of the option (37,500 shares) shall vest ratably each month thereafter over a period of 36 months.