Form 4 for LTRX LANTRONIX INC

Accepted 2021-09-02 00:00:00 ET · period of report 2021-09-01 · accession 0001683168-21-004068 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2021-09-02	2021-09-01	LTRX	Whitaker Jeremy	CFO	M - OptEx	$0.00	+2,813	145.0K	+2%	$0
D	2021-09-02	2021-09-01	LTRX	Whitaker Jeremy	CFO	F - Tax	$6.46	-947	143.4K	-0.7%	-$6,118
D	2021-09-02	2021-09-01	LTRX	Whitaker Jeremy	CFO	M - OptEx	$0.00	-2,813	11.3K	-20%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2021-09-01	M	A	2,813	$0.00	145,003	D	—	—
2	Common	Common Stock	2021-09-01	F	D	947	$6.46	143,358	D	—	—	(F3) The reporting person transferred 698 of the net shares of Lantronix, Inc. common stock received at vesting to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.
3	Derivative	Restricted Stock Units	2021-09-01	M	D	2,813	$0.00	11,254	D	— · — to —	2,813 Common Stock	(F2) In accordance with the terms of the RSU Agreement, 947 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding. (F1) Represents Restricted Stock Units ("RSUs") granted on August 31, 2018. The restricted stock units ("RSUs") vest such that (a) 25% of the shares (11,250 shares) vested on September 1, 2019, the one-year anniversary of the grant date and (b) 1/16 of the shares (shares) vest quarterly thereafter, such that one hundred percent (100%) of the RSUs will be fully vested on the four-year anniversary of the grant date.