LANTRONIX INC — Director's Dealing 2018

Jun 7, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2018-06-05

Reporting Person: Yoder Kevin (VP of Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-05	Common Stock	M	30000	$0.86	Acquired	89668	Direct
2018-06-05	Common Stock	S	30000	$3.39	Disposed	59668	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-05	Stock Option (Right to buy)	$0.86	M	30000	Disposed	2023-04-02	Common Stock (30000)	Direct

Footnotes

F1: Represents shares of common stock acquired via exercise of Stock Options granted on April 1, 2016 (the "Grant Date") pursuant to an Inducement Stock Option Agreement.

F2: This transaction was executed in multiple trades at prices ranging from $3.38 to $3.43. The price reported reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: The option vests according to the following schedule: (i) 25% of the option (25,000 shares) vested on April 1, 2017, which was the one year anniversary of the Vesting Commencement Date (April 1, 2016) and (ii) 1/48 of the option vests on each monthly anniversary of the Vesting Commencement Date thereafter, such that 100% of the option will be fully vested on the four year anniversary of the Vesting Commencement Date.