0001683168-18-001599.txt : 20180605 0001683168-18-001599.hdr.sgml : 20180605 20180605213012 ACCESSION NUMBER: 0001683168-18-001599 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180601 FILED AS OF DATE: 20180605 DATE AS OF CHANGE: 20180605 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: 18882837 MAIL ADDRESS: STREET 1: LANTRONIX INC. STREET 2: 7535 IRVINE CENTER DRIVE, SUITE 100 CITY: IRVINE STATE: CA ZIP: 92618 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 4 1 benck_f4-060118.xml OWNERSHIP DOCUMENT X0306 4 2018-06-01 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 2018-06-01 4 M 0 37500 0 A 284074 D Common Stock 2018-06-01 4 F 0 19044 3.46 D 265030 D Common Stock 2018-06-04 4 M 0 25000 1.12 A 290030 D Common Stock 2018-06-04 4 S 0 25000 3.37 D 265030 D Restricted Stock Units 2018-06-01 4 M 0 37500 0 D Common Stock 37500 75000 D Stock Option (Right to buy) 1.12 2018-06-04 4 M 0 25000 0 D 2022-12-06 Common Stock 25000 125000 D Represents Restricted Stock Units ("RSUs") granted on April 28, 2016 pursuant to an Inducement Restricted Stock Unit Agreement (the "RSU Agreement"). The remaining RSUs vest at the rate of 37,500 each quarter through December 2018. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of Lantronix, Inc. common stock. In accordance with the terms of the RSU Agreement, 19,044 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding. Represents shares of common stock acquired via exercise of Stock Options granted on December 4, 2015 (the "Grant Date") under the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan (the "2010 SIP"). This transaction was executed in multiple trades at prices ranging from $3.30 to $3.42. 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. The option vests according to the following schedule: (i) 25% of the option (37,500 shares) vested on September 1, 2017, which was the one year anniversary of the Vesting Commencement Date (September 1, 2016) and (ii) 1/48 of the option vests on each monthly anniversary of the Vesting Commencement Date thereafter, such that 100% of the option will be fully vested on the four year anniversary of the Vesting Commencement Date. /s/ Jeremy Whitaker, Attorney-in-fact for Jeff Benck 2018-06-05