Filing Details

Accession Number:
0001683168-21-006168
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-12-07 17:00:24
Reporting Period:
2021-12-03
Accepted Time:
2021-12-07 17:00:24
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
1337832 Jeremy Whitaker C/O Lantronix, Inc.
7535 Irvine Center Drive, Suite 100
Irvine CA 92618
Chief Financial Officer 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 2021-12-03 2,812 $0.00 177,872 No 4 M Direct
Common Stock Disposition 2021-12-03 972 $7.01 176,492 No 4 S Direct
Common Stock Acquisiton 2021-12-05 20,053 $1.35 196,545 No 4 M Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restrick Stock Units Disposition 2021-12-03 2,812 $0.00 2,812 $0.00
Common Stock Stock OPtion (Right to buy) Disposition 2021-12-05 20,053 $0.00 20,053 $1.35
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
8,441 No 4 M Direct
0 2019-09-01 2022-09-01 No 4 M Direct
Footnotes
  1. 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.
  2. Represents shares of Lantronix, Inc. common stock sold upon vesting to cover required tax withholding obligations.
  3. 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.
  4. Represents shares of common stock acquired via exercise of stock options granted on September 1, 2015 under the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan.
  5. 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.