Filing Details
- Accession Number:
- 0001683168-18-001613
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-06-07 16:30:13
- Reporting Period:
- 2018-06-05
- Accepted Time:
- 2018-06-07 16:30:13
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1114925 | Lantronix Inc | LTRX | Computer Communications Equipment (3576) | 330362767 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1669090 | Kevin Yoder | C/O Lantronix, Inc. 7535 Irvine Center Drive, Suite 100 Irvine CA 92618 | Vp Of Worldwide Sales | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2018-06-05 | 30,000 | $0.86 | 89,668 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-06-05 | 30,000 | $3.39 | 59,668 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to buy) | Disposition | 2018-06-05 | 30,000 | $0.00 | 30,000 | $0.86 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 70,000 | 2023-04-02 | No | 4 | M | Direct |
Footnotes
- Represents shares of common stock acquired via exercise of Stock Options granted on April 1, 2016 (the "Grant Date") pursuant to an Inducement Stock Option Agreement.
- This transaction was executed in multiple trades at prices ranging from $3.38 to $3.43. 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.
- The option vests according to the following schedule: (i) 25% of the option (25,000 shares) vested on April 1, 2017, which was the one year anniversary of the Vesting Commencement Date (April 1, 2016) and (ii) 1/48 of the option vests on each monthly anniversary of the Vesting Commencement Date thereafter, such that 100% of the option will be fully vested on the four year anniversary of the Vesting Commencement Date.
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