LANTRONIX INC — Director's Dealing 2011

Sep 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2011-09-26

Reporting Person: Whitaker Jeremy (CFO and Secretary)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-26	Stock Option (Right to buy)	$1.77	A	55000	Acquired	2018-09-26	Common Stock (55000)	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% (13,750) of the options vest on 09/26/2012 and the remaining options shall vest ratably each month thereafter for a period of 36 months, subject to Mr. Whitaker remaining a Service Provider to the Company through such dates (as defined in the Company's 2010 Stock Plan).