Filing Details
- Accession Number:
- 0001683168-21-006167
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-12-07 17:00:21
- Reporting Period:
- 2021-12-03
- Accepted Time:
- 2021-12-07 17:00:21
- 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 |
|---|---|---|---|---|---|---|---|
| 1568957 | H Paul Pickle | C/O Lantronix, Inc. 7535 Irvine Center Drive, Suite 100 Irvine CA 92618 | President & Ceo | Yes | 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 | 2021-12-03 | 15,625 | $0.00 | 454,579 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-12-03 | 5,560 | $6.76 | 449,019 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2021-12-03 | 15,000 | $6.80 | 464,019 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | P | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2021-12-03 | 15,625 | $0.00 | 15,625 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 93,750 | No | 4 | M | Direct |
Footnotes
- Represents inducement restricted stock units ("Inducement RSUs") granted on May 1, 2019. The shares subject to the Inducement RSUs shall vest according to the following schedule: 62,500 of the Inducement RSUs vested on June 1, 2020, and the remaining Inducement RSUs shall vest ratably each quarter thereafter for a period of 3 years. Each Inducement RSU represents the right to receive one share of the issuer's common stock.
- Represents shares of Lantronix, Inc. common stock sold upon vesting to cover required tax withholding obligations.
- This transaction was executed in multiple trades at prices ranging from $6.64 to $6.97. 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 reporting person's purchase of the issuer's common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, to the extent of 1,697 shares, with the reporting person's sale of the issuer's common stock reported herein. The reporting person has paid $179.00 to the issuer, representing the full amount of the profit realized in connection with the short-swing transaction.
- This transaction was executed in multiple trades at prices ranging from $6.73 to $6.81. 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.
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