Filing Details

Accession Number:
0001683168-21-006215
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-12-09 16:30:20
Reporting Period:
2021-12-08
Accepted Time:
2021-12-09 16:30:20
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
1751026 Fathi Hakam C/O Lantronix, Inc.
7535 Irvine Center Drive, Suite 100
Irvine CA 92618
Vice President Of Engineering 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 2021-12-08 6,250 $0.00 92,952 No 4 M Direct
Common Stock Disposition 2021-12-08 2,083 $7.33 90,869 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 Restricted Stock Units Disposition 2021-12-08 6,250 $0.00 6,250 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
18,750 No 4 M Direct
Footnotes
  1. 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.
  2. Represents shares of Lantronix, Inc. common stock sold upon vesting to cover required tax withholding.
  3. 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.