LANTRONIX INC — Director's Dealing 2015

Dec 7, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2015-12-05

Reporting Person: Benck Jeff (Director, Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-05	Stock Option (Right to buy)	$1.12	A	150000	Acquired	2022-12-05	Common Stock (150000)	Direct
2015-12-05	Stock Option (Right to buy)	$1.12	A	150000	Acquired	2022-12-05	Common Stock (150000)	Direct

Footnotes

F1: The option vests according to the following schedule: 25% of the option (37,500 shares) vests on September 1, 2017 and the remainder of the option (112,500 shares) shall vest ratably each month thereafter over a period of 36 months.

F2: The option vests according to the following schedule: 25% of the option (37,500 shares) vests on September 1, 2018 and the remainder of the option (112,500 shares) shall vest ratably each month thereafter over a period of 36 months.