HALE MARTIN M JR 4
4 · LANTRONIX INC · Filed May 14, 2019
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
HALE MARTIN M JR
Director10% Owner
Transactions
- Exercise/Conversion
Restricted Stock Units
2019-05-13−5,000→ 5,000 total→ Common Stock (5,000 underlying) - Exercise/Conversion
Common Stock
2019-05-13+5,000→ 1,946,748 total
Footnotes (5)
- [F1]Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 13, 2018 (the "Grant Date").
- [F2]Includes 1,941,748 shares of common stock of Lantronix Inc. (the "Issuer") held by Hale Capital Partners, LP, a Delaware limited partnership ("HCP"). Martin Hale, Jr. is the Chief Executive Officer of HCP. MH is also (i) the sole owner and managing member of Hale Fund Partners, LLC, a Delaware limited liability company ("HFP"), the general partner of HCP and (ii) the sole owner and Chief Executive Officer of Hale Fund Management, LLC, a Delaware limited liability company ("HFM"). HFM is the general partner of Hale Capital Management, LP ("HCM"), the manager of HCP. Each of Martin Hale, Jr., HFP, HFM and HCM disclaims beneficial ownership of the securities reported herein, except to the extent of his or its pecuniary interest.
- [F3]RSUs convert into common stock on a one-for-one basis.
- [F4]The restricted stock units ("RSUs") vest at the rate of one half (1/2) of the shares vesting six (6) months following the Grant Date and one half (1/2) of the shares vesting on the first anniversary of the Grant Date, such that the RSUs will be fully (100%) vested after one (1) year.
- [F5]Martin Hale, Jr. holds the RSUs listed in this Form 4 (and any shares of Common Stock issuable upon vesting thereof) for the benefit of Hale Capital Partners, LP.