LANTRONIX INC — Director's Dealing 2016

Apr 20, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2016-04-01

Reporting Person: Datla Sanjeev (Chief Technology Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-01	Stock Option (Right to buy)	$0.86	A	100000	Acquired	2023-04-01	Common Stock (100000)	Direct
2016-04-01	Stock Option (Right to buy)	$0.86	A	50000	Acquired	2023-04-01	Common Stock (50000)	Direct

Footnotes

F1: The option vests according to the following schedule: 25% of the option (25,000 shares) vests on April 1, 2017 and the remainder of the option (75,000 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 (12,500 shares) vests on September 1, 2017 and the remainder of the option (37,500 shares) shall vest ratably each month thereafter over a period of 36 months.