Form 4 for LTRX LANTRONIX INC
Accepted 2022-03-04 00:00:00 ET · period of report 2022-03-04 · accession 0001683168-22-001459 · 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 | 2022-03-04 | 2022-03-04 | LTRX | Hakam Fathi | VP of Engineering | S - Sale+OE | $6.62 | -2,610 | 94.5K | -3% | -$17.3K |
| D | 2022-03-04 | 2022-03-04 | LTRX | Hakam Fathi | VP of Engineering | M - OptEx | $0.00 | +6,250 | 97.1K | +7% | $0 |
| D | 2022-03-04 | 2022-03-04 | LTRX | Hakam Fathi | VP of Engineering | M - OptEx | $0.00 | -6,250 | 12.5K | -33% | $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 | 2022-03-04 | S | D | 2,610 | $6.62 | 94,509 | D | — | — | (F3) This transaction was executed in multiple trades at prices ranging from $6.61 to $6.63. 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 | 2022-03-04 | M | A | 6,250 | $0.00 | 97,119 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2022-03-04 | M | D | 6,250 | $0.00 | 12,500 | 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. |