0001683168-17-000487.txt : 20170303
0001683168-17-000487.hdr.sgml : 20170303
20170303163009
ACCESSION NUMBER: 0001683168-17-000487
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170301
FILED AS OF DATE: 20170303
DATE AS OF CHANGE: 20170303
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LANTRONIX INC
CENTRAL INDEX KEY: 0001114925
STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576]
IRS NUMBER: 330362767
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0630
BUSINESS ADDRESS:
STREET 1: 7535 IRVINE CENTER DR., SUITE 100
CITY: IRVINE
STATE: CA
ZIP: 92618
BUSINESS PHONE: 9494533990
MAIL ADDRESS:
STREET 1: 7535 IRVINE CENTER DR., SUITE 100
CITY: IRVINE
STATE: CA
ZIP: 92618
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Benck Jeff
CENTRAL INDEX KEY: 0001397573
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16027
FILM NUMBER: 17664080
MAIL ADDRESS:
STREET 1: LANTRONIX INC.
STREET 2: 7535 IRVINE CENTER DRIVE, SUITE 100
CITY: IRVINE
STATE: CA
ZIP: 92618
4
1
benck_f4.xml
FORM 4
X0306
4
2017-03-01
0
0001114925
LANTRONIX INC
LTRX
0001397573
Benck Jeff
C/O LANTRONIX, INC.
7535 IRVINE CENTER DRIVE, #100
IRVINE
CA
92618
1
1
0
0
Chief Executive Officer
Common Stock
2017-03-01
4
M
0
37500
0
A
148233
D
Common Stock
2017-03-01
4
F
0
19874
2.87
D
128359
D
Restricted Stock Units
2017-03-01
4
M
0
37500
0
D
Common Stock
37500
262500
D
As reported on a Form 4 filed on April 29, 2016, the reporting person received a grant of 450,000 Restricted Stock Units ("RSUs") on April 28, 2016 pursuant to an Inducement Restricted Stock Unit Agreement (the "RSU Agreement"). The shares subject to the RSUs vest according to the following schedule: one-third (150,000) of the RSUs vest on December 1, 2016 and the remaining RSUs (300,000) shall vest ratably each quarter thereafter for a period of 24 months. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of Lantronix, Inc. common stock. On December 1, 2016, the initial one-third of these RSUs vested, resulting in the issuance of 150,000 shares of Lantronix, Inc. common stock. On March 1, 2017, one-eighth of the remaining 300,000 RSUs vested, resulting in the issuance of 37,500 shares of Lantronix, Inc. common stock.
In accordance with the terms of the RSU Agreement, 19,874 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
/s/ Jeremy Whitaker, Attorney-in-fact for Jeff Benck
2017-03-03