Form 4 for LTRX LANTRONIX INC
Accepted 2021-12-07 00:00:00 ET · period of report 2021-12-03 · accession 0001683168-21-006168 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-12-07 | 2021-12-03+ | LTRX | Whitaker Jeremy | CFO | M - OptEx | $1.18 | +22.9K | 177.9K | +15% | +$27.1K |
| D | 2021-12-07 | 2021-12-03 | LTRX | Whitaker Jeremy | CFO | S - Sale+OE | $7.01 | -972 | 176.5K | -0.5% | -$6,814 |
| DM | 2021-12-07 | 2021-12-03+ | LTRX | Whitaker Jeremy | CFO | M - OptEx | $0.00 | -22.9K | 0 | -100% | $0 |
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 | 2021-12-05 | M | A | 20,053 | $1.35 | 196,545 | D | — | — | |
| 2 | Common | Common Stock | 2021-12-03 | S | D | 972 | $7.01 | 176,492 | D | — | — | (F3) The reporting person transferred 408 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 | Common | Common Stock | 2021-12-03 | M | A | 2,812 | $0.00 | 177,872 | D | — | — | |
| 4 | Derivative | Restrick Stock Units | 2021-12-03 | M | D | 2,812 | $0.00 | 8,441 | D | — · — to — | 2,812 Common Stock | (F1) Represents restricted stock units ("RSUs") granted on August 31, 2018. The 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 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. Each RSU represents the right to receive one share of the issuer's common stock. |
| 5 | Derivative | Stock OPtion (Right to buy) | 2021-12-05 | M | D | 20,053 | $0.00 | 0 | D | $1.35 · 2019-09-01 to 2022-09-01 | 20,053 Common Stock | (F5) The reporting person previously exercised 19,947 stock options from this award granted on September 1, 2015 for the benefit of 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. |