HALE MARTIN M JR 4
4 · LANTRONIX INC · Filed Nov 15, 2019
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
HALE MARTIN M JR
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2019-11-13+5,000→ 1,951,748 total - Exercise/Conversion
Restricted Stock Units
2019-11-13−5,000→ 0 total→ Common Stock (5,000 underlying)
Footnotes (4)
- [F1]Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 13, 2018 (the "Grant Date").
- [F2]RSUs convert into common stock on a one-for-one basis.
- [F3]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.
- [F4]Martin Hale, Jr. holds the common stock and RSUs listed in this Form 4 (and any shares of Common Stock issuable upon vesting thereof) for the benefit of Hale Capital Partners, LP.