LANTRONIX INC — Director's Dealing 2010

Dec 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2010-12-15

Reporting Person: Sakai Reagan (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-15	Stock Option (Right to Buy)	$3.45	A	25000	Acquired	2017-12-15	Common Stock (25000)	Direct

Footnotes

F1: Grant to Reporting Person of Option to purchase 25,000 shares of Common Stock under the Issuer's 2010 Stock Plan. The grant vests and becomes exercisable as to 6,250 shares on December 15, 2011 and 1/48 of the total grant shall vest monthly thereafter and will be fully vested on December 15, 2014.