LANTRONIX INC — Director's Dealing 2015

Sep 3, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2015-09-01

Reporting Person: Busch Kurt (Director, Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-01	Performance-based Restricted Stock Units	$	A	50000	Acquired		Common Stock (50000)	Direct

Footnotes

F1: Each performance-based restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Lantronix, Inc. (the "Company") subject to the achievement by the Company of performance targets for the fiscal year ending June 30, 2016 ("Fiscal 2016"). If the Company achieves the performance targets for Fiscal 2016: (a) fifty percent (50%) of the RSUs will vest on September 1, 2016, and (b) the remaining fifty percent (50%) of the RSUs will vest in four equal quarterly installments beginning on December 1, 2016, in each case, as long as the individual remains a service provider to the Company through the applicable vesting date.