LANTRONIX INC — Director's Dealing 2019

Nov 27, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2019-11-25

Reporting Person: FOLINO PAUL F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-25	Common Stock	M	25000	$1.51	Acquired	95968	Direct
2019-11-25	Common Stock	M	25000	$1.90	Acquired	120968	Direct
2019-11-25	Common Stock	F	25074	$3.40	Disposed	95894	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-25	Stock Option (Right to buy)	$1.51	M	25000	Disposed	2020-11-20	Common Stock (25000)	Direct
2019-11-25	Stock Option (Right to buy)	$1.90	M	25000	Disposed	2021-11-22	Common Stock (25000)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. The reporting person received 24,926 shares of common stock on net exercise of option to purchase 50,000 shares of common stock. The Company withheld 25,074 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on November 25, 2019 of $3.40, pursuant to the terms of the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan.