Miller Daryl R 4
4 · LANTRONIX INC · Filed Jun 15, 2018
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Miller Daryl R
VP, Engineering
Transactions
- Tax Payment
Common Stock
2018-06-14$2.75/sh−421$1,158→ 32,966 total - Exercise/Conversion
Common Stock
2018-06-14+1,250→ 33,387 total - Exercise/Conversion
Restricted Stock Units
2018-06-14−1,250→ 11,250 total→ Common Stock (1,250 underlying)
Footnotes (2)
- [F1]Represents Restricted Stock Units ("RSUs") granted on September 14, 2016. The restricted stock units ("RSUs") vest such that (a) 25% of the shares (5,000 shares) vested on September 14, 2017, the one-year anniversary of the grant date and (b) 1/16 of the shares (1,250 shares) vest quarterly thereafter, such that one hundred percent (100%) of the RSUs will be fully vested on the four-year anniversary of the grant date.
- [F2]In accordance with the terms of the RSU Agreement, 421 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.