LANTRONIX INC — Director's Dealing 2020

Feb 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANTRONIX INC (LTRX)
CIK: 0001114925
Period of Report: 2020-02-04

Reporting Person: Holliday Roger (VP of Worldwide Sales)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-04	Stock Options	$3.79	A	100000	Acquired	2027-02-04	Common Stock (100000)	Direct
2020-02-04	Restricted Stock Units	$	A	50000	Acquired		Common Stock (50000)	Direct

Footnotes

F1: Represents inducement stock options ("Inducement Options") granted on February 4, 2020. The Inducement Options shall vest according to the following schedule: 25,000 of the options shall vest one year from date of grant, the remaining 75,000 options will vest 1/36th per month over the following 36 months so that 100% of options will be vested at the four year anniversary of the date of grant.

F2: Represents inducement restricted stock units ("Inducement RSUs") granted on February 4, 2020. The shares subject to the Inducement RSUs shall vest according to the following schedule: 12,500 of the Inducement RSUs shall vest on March 1, 2021, and the remaining Inducement RSUs shall vest 1/12th each quarter thereafter for a period of 3 years.