LANTRONIX INC — Director's Dealing 2018

May 9, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2018-05-07

Reporting Person: Miller Daryl R (VP, Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-07	Common Stock	M	16000	$1.63	Acquired	47372	Direct
2018-05-07	Common Stock	S	16000	$2.3118	Disposed	31372	Direct
2018-05-08	Common Stock	M	5320	$1.63	Acquired	36692	Direct
2018-05-08	Common Stock	S	5320	$2.34	Disposed	31372	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-07	Stock Option (Right to buy)	$1.63	M	16000	Disposed	2018-09-09	Common Stock (16000)	Direct
2018-05-08	Stock Option (Right to buy)	$1.63	M	5320	Disposed	2018-09-09	Common Stock (5320)	Direct

Footnotes

F1: Represent shares of common stock acquired via exercise of Stock Options granted on September 9, 2011 (the "Grant Date") under the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan (the "2010 SIP").

F2: Average price calculated from total sales over total number of shares sold. Sales price on May 7, 2018 ranged from $2.31 to $2.33; sales price on May 8, 2018 ranged from $2.34 to $2.3401.

F3: The option vests according to the following schedule: 25% of the option (8,312 shares) vested on the first anniversary of the Grant Date and the remainder of the option (24,938 shares) vest ratably each month thereafter over a period of 36 months.