Yoder Kevin 4
4 · LANTRONIX INC · Filed Jan 24, 2020
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Yoder Kevin
VP of Worldwide Sales
Transactions
- Exercise/Conversion
Common Stock
2020-01-22$0.86/sh+50,000$43,000→ 184,605 total - Exercise/Conversion
Stock Option (Right to buy)
2020-01-22−50,000→ 50,000 totalExercise: $0.86Exp: 2023-04-02→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]Represents shares of common stock acquired via exercise of Stock Options granted on April 1, 2016 (the "Grant Date") pursuant to an Inducement Stock Option Agreement.
- [F2]The option vests according to the following schedule: (i) 25% of the option (25,000 shares) vested on September 1, 2017, which was the one year anniversary of the Vesting Commencement Date (September 1, 2016) and (ii) 1/48 of the option vests on each monthly anniversary of the Vesting Commencement Date thereafter, such that 100% of the option will be fully vested on the four year anniversary of the Vesting Commencement Date.