0001683168-21-006167.txt : 20211207 0001683168-21-006167.hdr.sgml : 20211207 20211207170021 ACCESSION NUMBER: 0001683168-21-006167 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211203 FILED AS OF DATE: 20211207 DATE AS OF CHANGE: 20211207 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: 211476640 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 2021-12-03 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 2021-12-03 4 M 0 15625 0 A 454579 D Common Stock 2021-12-03 4 S 0 5560 6.7555 D 449019 D Common Stock 2021-12-03 4 P 0 15000 6.8022 A 464019 D Restricted Stock Units 2021-12-03 4 M 0 15625 0 D Common Stock 15625 93750 D Represents inducement restricted stock units ("Inducement RSUs") granted on May 1, 2019. The shares subject to the Inducement RSUs shall vest according to the following schedule: 62,500 of the Inducement RSUs vested on June 1, 2020, and the remaining Inducement RSUs shall vest ratably each quarter thereafter for a period of 3 years. Each Inducement RSU represents the right to receive one share of the issuer's common stock. Represents shares of Lantronix, Inc. common stock sold upon vesting to cover required tax withholding obligations. This transaction was executed in multiple trades at prices ranging from $6.64 to $6.97. 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 reporting person's purchase of the issuer's common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, to the extent of 1,697 shares, with the reporting person's sale of the issuer's common stock reported herein. The reporting person has paid $179.00 to the issuer, representing the full amount of the profit realized in connection with the short-swing transaction. This transaction was executed in multiple trades at prices ranging from $6.73 to $6.81. 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. /s/ Jeremy Whitaker, Attorney-in-fact for Paul H. Pickle 2021-12-07