LANTRONIX INC — Director's Dealing 2016

Sep 15, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2016-09-14

Reporting Person: Miller Daryl R (Vice President of Engineering)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-09-14	Stock Option (Right to Buy)	$1.37	A	50000	Acquired	2023-09-14	Common Stock (50000)	Direct
2016-09-14	Restricted Stock Units	$0	A	20000	Acquired		Common Stock (20000)	Direct

Footnotes

F1: The option vests according to the following schedule: 25% of the option (12,500 shares) vests on the first anniversary of the grant date and the remainder of the option (37,500 shares) shall vest ratably each month thereafter over a period of 36 months.

F2: The restricted stock units ("RSUs") shall vest such that (a) 25% of the shares (5,000 shares) vest on the one-year anniversary of the grant date and (b) 1/16 of the shares (1,250 shares) vest quarterly thereafter, such that one hundred percent (100%) of the RSUs will be fully vested on the four-year anniversary of the grant date.