0001683168-21-004303.txt : 20210915
0001683168-21-004303.hdr.sgml : 20210915
20210915163041
ACCESSION NUMBER: 0001683168-21-004303
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210913
FILED AS OF DATE: 20210915
DATE AS OF CHANGE: 20210915
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pickle Paul H
CENTRAL INDEX KEY: 0001568957
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16027
FILM NUMBER: 211255681
MAIL ADDRESS:
STREET 1: 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
ownership.xml
X0306
4
2021-09-13
0
0001114925
LANTRONIX INC
LTRX
0001568957
Pickle Paul H
C/O LANTRONIX, INC.
7535 IRVINE CENTER DRIVE, SUITE 100
IRVINE
CA
92618
1
1
0
0
President & CEO
Common Stock
2021-09-13
4
A
0
244012
0
A
485451
D
Common Stock
2021-09-13
4
F
0
96942
6.24
D
388509
D
Common Stock
2021-09-13
4
A
0
26666
0
A
415175
D
Common Stock
2021-09-13
4
F
0
9221
6.24
D
405954
D
On October 18, 2019, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. One third of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2020 based on certain earnings per share targets, revenue targets and relative total stockholder return conditions. This transaction reflects the vesting and payment of 244,012 RSUs subject to the award on September 13, 2021 with respect to the performance conditions that were satisfied for fiscal 2021.
In accordance with the terms of the applicable RSU award agreement, 96,942 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
On November 2, 2020, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. One third of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2021 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 26,666 RSUs subject to the award on September 13, 2021 with respect to the performance conditions that were satisfied for fiscal 2021.
In accordance with the terms of the applicable RSU award agreement, 9,221 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
/s/ Jeremy Whitaker, Attorney-in-fact for Paul H. Pickle
2021-09-15