Form 4 for LTRX LANTRONIX INC
Accepted 2021-09-15 00:00:00 ET · period of report 2021-09-13 · accession 0001683168-21-004304 · 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 | Holliday Roger | VP of Worldwide Sales | A - Grant | $0.00 | +58.0K | 70.9K | +452% | $0 |
| M | 2021-09-15 | 2021-09-13 | LTRX | Holliday Roger | VP of Worldwide Sales | F - Tax | $6.24 | -20.1K | 65.8K | -23% | -$125.2K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-09-13 | A | A | 15,000 | $0.00 | 71,011 | D | — | — | (F1) On February 1, 2020, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. Sixteen percent of the target number of RSUs subject to the award are eligible to vest in fiscal 2020 and 42% of the target number of RSUs subject to the award are eligible to vest in each of the remaining two years beginning in fiscal 2021 based on certain earnings per share targets, revenue targets and relative total stockholder return conditions. This transaction reflects the vesting and payment of 43,042 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 | 14,884 | $6.24 | 56,011 | D | — | — | |
| 3 | Common | Common Stock | 2021-09-13 | F | D | 5,187 | $6.24 | 65,824 | D | — | — | |
| 4 | Common | Common Stock | 2021-09-13 | A | A | 43,042 | $0.00 | 70,895 | D | — | — | (F1) On February 1, 2020, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. Sixteen percent of the target number of RSUs subject to the award are eligible to vest in fiscal 2020 and 42% of the target number of RSUs subject to the award are eligible to vest in each of the remaining two years beginning in fiscal 2021 based on certain earnings per share targets, revenue targets and relative total stockholder return conditions. This transaction reflects the vesting and payment of 43,042 RSUs subject to the award on September 13, 2021 with respect to the performance conditions that were satisfied for fiscal 2021. |