EDWARDS BRUCE C 4
4 · LANTRONIX INC · Filed Nov 5, 2020
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
EDWARDS BRUCE C
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-11-05−5,000→ 0 total→ Common Stock (5,000 underlying) - Exercise/Conversion
Common Stock
2020-11-05+5,000→ 190,000 total
Footnotes (3)
- [F1]Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 5, 2019 (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.