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