LANTRONIX INC — Director's Dealing 2019

Aug 13, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2019-08-09

Reporting Person: Whitaker Jeremy (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-09	Common Stock	M	40000	$2.03	Acquired	193495	Direct
2019-08-09	Common Stock	F	22493	$3.61	Disposed	171002	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-09	Stock Option (Right to buy)	$2.03	M	40000	Disposed	2019-08-23	Common Stock (40000)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. The reporting person received 17,507 shares of common stock on net exercise of option to purchase 40,000 shares of common stock. The Company withheld 22,493 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on August 9, 2019 of $3.61, pursuant to the terms of the Lantronix, Inc. Amended and Restated 2010 Stock Incentive Plan.

F2: The option vested according to the following schedule: 25% of the option (10,000 shares) vested on the first anniversary of the Grant Date and the remainder of the option (30,000 shares) vested ratably each month thereafter over a period of 36 months.