LANTRONIX INC — Director's Dealing 2019

Dec 16, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2019-12-14

Reporting Person: Whitaker Jeremy (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-14	Common Stock	M	1250	—	Acquired	182269	Direct
2019-12-14	Common Stock	F	432	$3.24	Disposed	181837	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-14	Restricted Stock Units	$	M	1250	Disposed		Common Stock (1250)	Direct

Footnotes

F1: Represents Restricted Stock Units ("RSUs") granted on September 14, 2016. The restricted stock units ("RSUs") vest such that (a) 25% of the shares (5,000 shares) vested on September 14, 2017, 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.

F2: In accordance with the terms of the RSU Agreement, 432 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.