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