LANTRONIX INC — Director's Dealing 2019

Apr 23, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2019-04-22

Reporting Person: Pickle Paul H (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-04-22	Stock Options	$4.04	A	500000	Acquired	2026-04-22	Common Stock (500000)	Direct

Footnotes

F1: Represents inducement stock options ("Inducement Options") granted on April 22, 2019. The Inducement Options shall vest according to the following schedule: 250,000 of the options shall vest one year from date of grant, the next 100,000 options will vest 1/24th per month over the following 24 months, and the remaining 150,000 options shall vest 1/12th each month thereafter for a period of 12 months.