LANTRONIX INC 4

Accession 0001683168-17-001587

$LTRXCIK 0001114925operating

View on SEC.gov Company Profile

Filed

Jun 13, 8:00 PM ET

Accepted

Jun 14, 8:39 PM ET

Size

27.6 KB

Accession

0001683168-17-001587

Insider Transaction Report

Form 4

Period: 2017-06-12

LANTRONIX INCLTRX

Fink Michael Andrew

Vice President of Operations

Transactions

Exercise/Conversion
Common Stock
2017-06-13$1.56/sh+18,750$29,250→ 20,969 total
Sale
Common Stock
2017-06-14$2.31/sh−10,806$24,962→ 1,094 total
Exercise/Conversion
Common Stock
2017-06-12$1.87/sh+11,000$20,570→ 12,094 total
Exercise/Conversion
Common Stock
2017-06-13$1.35/sh+2,319$3,131→ 23,288 total
Sale
Common Stock
2017-06-13$2.28/sh−22,194$50,602→ 1,094 total
Exercise/Conversion
Stock Option (Right to buy)
2017-06-12−11,000→ 29,000 total
Exercise: $1.87Exp: 2021-08-26→ Common Stock (11,000 underlying)
Exercise/Conversion
Stock Option (Right to buy)
2017-06-13−18,750→ 1,250 total
Exercise: $1.56Exp: 2020-08-22→ Common Stock (18,750 underlying)
Exercise/Conversion
Common Stock
2017-06-13$1.87/sh+1,125$2,104→ 2,219 total
Exercise/Conversion
Common Stock
2017-06-14$1.35/sh+10,806$14,588→ 11,900 total
Exercise/Conversion
Stock Option (Right to buy)
2017-06-13−1,125→ 27,875 total
Exercise: $1.87Exp: 2021-08-26→ Common Stock (1,125 underlying)
Sale
Common Stock
2017-06-12$2.40/sh−11,000$26,400→ 1,094 total
Exercise/Conversion
Stock Option (Right to buy)
2017-06-13−2,319→ 27,681 total
Exercise: $1.35Exp: 2022-09-01→ Common Stock (2,319 underlying)
Exercise/Conversion
Stock Option (Right to buy)
2017-06-14−10,806→ 16,875 total
Exercise: $1.35Exp: 2022-09-01→ Common Stock (10,806 underlying)

Footnotes (6)

[F1]Represent shares of common stock acquired via exercise of stock options granted under the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan (the "2010 SIP").
[F2]This transaction was executed in multiple trades at prices ranging from $2.26 to $2.30. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F3]This transaction was executed in multiple trades at prices ranging from $2.30 to $2.34. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F4]The option vests according to the following schedule: 25% of the option (10,000 shares) vested on August 26, 2015, and the remainder of the option (30,000 shares) vest ratably each month thereafter over a period of 36 months.
[F5]The option vests according to the following schedule: 25% of the option (5,000 shares) vested on August 22, 2014, and the remainder of the option (15,000 shares) vest ratably each month thereafter over a period of 36 months.
[F6]The option vests according to the following schedule: 25% of the option (7,500 shares) vested on September 1, 2016, and the remainder of the option (22,500 shares) vest ratably each month thereafter over a period of 36 months.

Documents

1 file

4
fink_frm4.xmlPrimary
FORM 4

Issuer

LANTRONIX INC

CIK 0001114925

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001114925

Filing Metadata

Form type: 4
Filed: Jun 13, 8:00 PM ET
Accepted: Jun 14, 8:39 PM ET
Size: 27.6 KB

View on SEC.gov