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Sixteen percent of the target number of RSUs subject to the award are eligible to vest in fiscal 2020 and 42% of the target number of RSUs subject to the award are eligible to vest in each of the remaining two years beginning in fiscal 2021 based on certain earnings per share targets, revenue targets and relative total stockholder return conditions. 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The shares subject to the Inducement RSUs shall vest according to the following schedule: 12,500 of the Inducement RSUs shall vest on March 1, 2021, and the remaining Inducement RSUs shall vest 1/12th each quarter thereafter for a period of 3 years."}],"balance_after":50000,"derivative":{"underlying":"Common Stock","underlying_shares":50000},"source":{"system":"sec-edgar","filing":"0001683168-20-000371","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1801318/000168316820000371/ownership.xml","form_type":"4"}},{"id":3289858,"issuer":{"id":1667,"kind":"organization","name":"LANTRONIX INC","symbol":"LTRX"},"owners":[{"id":96192,"kind":"person","name":"Holliday Roger","position":1,"cik":"0001801318","reported_name":"Holliday Roger","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"VP of Worldwide Sales"}}],"security":"Stock Options","published_at":"2020-02-05T17:00:10.000Z","date":"2020-02-04","kind":"grant","acquired":true,"shares":100000,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"Represents inducement stock options (\"Inducement Options\") granted on February 4, 2020. The Inducement Options shall vest according to the following schedule: 25,000 of the options shall vest one year from date of grant, the remaining 75,000 options will vest 1/36th per month over the following 36 months so that 100% of options will be vested at the four year anniversary of the date of grant."}],"balance_after":100000,"derivative":{"exercise_price":3.79,"expiration_date":"2027-02-04","underlying":"Common Stock","underlying_shares":100000},"source":{"system":"sec-edgar","filing":"0001683168-20-000371","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1801318/000168316820000371/ownership.xml","form_type":"4"}}]}