Form 4 for LTRX LANTRONIX INC

Accepted 2021-09-15 00:00:00 ET · period of report 2021-09-13 · accession 0001683168-21-004303 · 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
M	2021-09-15	2021-09-13	LTRX	Pickle Paul H	Pres, CEO, Dir	A - Grant	$0.00	+270.7K	485.5K	+126%	$0
M	2021-09-15	2021-09-13	LTRX	Pickle Paul H	Pres, CEO, Dir	F - Tax	$6.24	-106.2K	388.5K	-21%	-$662.5K

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	2021-09-13	A	A	26,666	$0.00	415,175	D	—	—	(F3) On November 2, 2020, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. One third of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2021 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 26,666 RSUs subject to the award on September 13, 2021 with respect to the performance conditions that were satisfied for fiscal 2021.
2	Common	Common Stock	2021-09-13	F	D	9,221	$6.24	405,954	D	—	—
3	Common	Common Stock	2021-09-13	F	D	96,942	$6.24	388,509	D	—	—
4	Common	Common Stock	2021-09-13	A	A	244,012	$0.00	485,451	D	—	—	(F1) On October 18, 2019, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. One third of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2020 based on certain earnings per share targets, revenue targets and relative total stockholder return conditions. This transaction reflects the vesting and payment of 244,012 RSUs subject to the award on September 13, 2021 with respect to the performance conditions that were satisfied for fiscal 2021.