0001683168-22-006406.txt : 20220914 0001683168-22-006406.hdr.sgml : 20220914 20220914200131 ACCESSION NUMBER: 0001683168-22-006406 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220912 FILED AS OF DATE: 20220914 DATE AS OF CHANGE: 20220914 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: 221244240 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 2022-09-12 0 0001114925 LANTRONIX INC LTRX 0001568957 Pickle Paul H C/O LANTRONIX, INC. 48 DISCOVERY, SUITE 250 IRVINE CA 92618 1 1 0 0 President & CEO Common Stock 2022-09-12 4 A 0 96250 0 A 636255 D Common Stock 2022-09-12 4 S 0 16042 5.714 D 620213 D Common Stock 2022-09-13 4 S 0 16042 5.766 D 604171 D Common Stock 2022-09-14 4 S 0 16041 5.628 D 588130 D On October 18, 2019, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. A percentage 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 and revenue targets. This transaction reflects the vesting and payment of 96,250 RSUs subject to the award on September 12, 2022 with respect to the performance conditions that were satisfied for fiscal 2022. Represents shares of Lantronix, Inc. common stock sold upon vesting to cover required tax withholding. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. This transaction was executed in multiple trades at prices ranging from $5.63 to $5.80. 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. This transaction was executed in multiple trades at prices ranging from $5.63 to $6.02. 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. This transaction was executed in multiple trades at prices ranging from $5.57 to $5.70. 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 2022-09-14