LANTRONIX INC — Director's Dealing 2011

Sep 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2011-08-23

Reporting Person: Busch Kurt (CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-23	Stock Option (Right to buy)	$1.94	A	350000	Acquired	2018-08-23	Common Stock (350000)	Direct

Footnotes

F1: The stock option shall be an incentive stock option to the extent permitted by the $100,000 rule of Internal Revenue Code Section 422(d). The stock options vest according to the following schedule: 25% (87,500) of the options vest on 08/23/2012 and the remaining options shall vest ratably each month thereafter for a period of 36 months, subject to Mr. Busch remaining a Service Provider to the Company through such dates (as defined in the Company's 2010 Stock Plan).