LANTRONIX INC — Director's Dealing 2020

Sep 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2020-08-31

Reporting Person: Holliday Roger (VP of Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-31	Common Stock	A	7130	—	Acquired	7130	Direct
2020-08-31	Common Stock	F	2402	$5.37	Disposed	4728	Direct

Footnotes

F1: On February 1, 2020, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. Sixteen percent of the target number of RSUs subject to the award are eligible to vest in fiscal 2020 and 42% of the target number of RSUs subject to the award are eligible to vest in each of the remaining two years beginning in fiscal 2021 based on certain earnings per share targets, revenue targets and relative total stockholder return conditions. This transaction reflects the vesting and payment of 7,130 RSUs subject to the award on August 31, 2020 with respect to the performance conditions that were satisfied for fiscal 2020.

F2: In accordance with the terms of the applicable RSU award agreement, 2,402 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.