Miller Daryl R 4
4 · LANTRONIX INC · Filed Aug 9, 2018
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Miller Daryl R
VP, Engineering
Transactions
- Exercise/Conversion
Common Stock
2018-08-07$1.56/sh+30,000$46,800→ 70,199 total - Tax Payment
Common Stock
2018-08-07$3.73/sh−12,546$46,797→ 57,653 total - Exercise/Conversion
Stock Option (Right to buy)
2018-08-07−30,000→ 0 totalExercise: $1.56Exp: 2020-08-22→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]Represents shares of common stock acquired via exercise of Stock Options granted on August 22, 2013 (the "Grant Date") under the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan (the "2010 SIP").
- [F2]Constitutes previously owned shares surrendered to cover the exercise price of the option being exercised through a stock swap.
- [F3]The option vested according to the following schedule: 25% of the option (7,500 shares) vested on the first anniversary of the Grant Date and the remainder of the option (22,500 shares) vested ratably each month thereafter over a period of 36 months.