LANTRONIX INC — Director's Dealing 2012

Nov 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2012-11-12

Reporting Person: FOLINO PAUL F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-12	Common Stock	P	3000	$1.6483	Acquired	5286	Direct
2012-11-13	Common Stock	P	2000	$1.67	Acquired	7286	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-12	Stock Option (Right to buy)	$1.59	A	25000	Acquired	2019-11-12	Common Stock (25000)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.60 to $1.65, inclusive. The Reporting Person hereby undertakes to provide to Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.65 to $1.67, inclusive. The Reporting Person hereby undertakes to provide to Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F3: The options shall vest in twelve equal monthly installments, with the first installment vesting on December 12, 2012 and the final installment vesting on November 12, 2013.