BURTON THOMAS W 4
4 · LANTRONIX INC · Filed Nov 20, 2003
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
BURTON THOMAS W
Director
Transactions
- Award
Stock Option (Right to Buy)
2003-11-20$1.13/sh+25,000$28,250→ 75,000 totalExercise: $1.13From: 2004-11-20Exp: 2013-11-20→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]Automatic grant at 2003 Annual Shareholder Meeting for continuing to serve as a director.
- [F2](1) The option shall be exercisable with respect to 50% of the shares on November 20, 2004 and 1/24th of the remaining shares shall vest each month thereafter.