Form 4 for LTRX LANTRONIX INC

Accepted 2021-12-09 00:00:00 ET · period of report 2021-12-08 · accession 0001683168-21-006215 · 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	2021-12-09	2021-12-08	LTRX	Hakam Fathi	VP of Engineering	S - Sale+OE	$7.33	-2,083	90.9K	-2%	-$15.3K
D	2021-12-09	2021-12-08	LTRX	Hakam Fathi	VP of Engineering	M - OptEx	$0.00	+6,250	93.0K	+7%	$0
D	2021-12-09	2021-12-08	LTRX	Hakam Fathi	VP of Engineering	M - OptEx	$0.00	-6,250	18.8K	-25%	$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	2021-12-08	S	D	2,083	$7.33	90,869	D	—	—	(F3) This transaction was executed in multiple trades at prices ranging from $7.20 to $7.42. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
2	Common	Common Stock	2021-12-08	M	A	6,250	$0.00	92,952	D	—	—
3	Derivative	Restricted Stock Units	2021-12-08	M	D	6,250	$0.00	18,750	D	— · — to —	6,250 Common Stock	(F1) Represents Restricted Stock Units ("RSUs") granted on August 31, 2018. The restricted stock units ("RSUs") vest such that (a) 25% of the shares (25,000 shares) vested on September 1, 2019, the one-year anniversary of the grant date and (b) 1/16 of the shares (6,250 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 Inducement RSU represents the right to receive one share of the issuer's common stock.