SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d(b)(c),
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
(Amendment No. 1*)
Lantronix, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
516548104
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(CUSIP Number)
December 31, 2002
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
Page 1 of 4
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*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP NO. 516548104 13G PAGE 2 OF 4 PAGES
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Lloyd I. Miller, III 279-42-7925
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2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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Number of
5 Sole Voting Power
Shares 2,251,750
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Beneficially 6 Shared Voting Power
1,231,550
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each 1,423,200
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Reporting 8 Shared Dispositive Power
Person With 2,060,100
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
3,483,300
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10 Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares* [ ]
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11 Percent of Class Represented by Amount in Row (9)
6.4%
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12 Type of Reporting Person
IN-IA-OO**
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
**See Item 4.
Page 3 of 4
Item 1(a). Name of Issuer: Lantronix, Inc.
Item 1(b). Address of Issuers's Principal Executive Offices: 15353 Barranca Parkway
Irvine, CA 92618
Item 2(a). Name of Person Filing: Lloyd I. Miller, III
Item 2(b). Address of Principal Business Office or, if None, Residence: 4550 Gordon Drive, Naples,
Florida 34102
Item 2(c). Citizenship: U.S.A.
Item 2(d). Title of Class of Securities: Common Stock
Item 2(e). CUSIP Number: 516548104
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b) or
(c), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable, this statement is filed pursuant to 13d-1(c)
Item 4. OWNERSHIP: The reporting person (i) shares dispositive power with
respect to 2,060,100 of the reported securities as an investment
advisor to the trustee of a family trust and as a trustee to certain
grantor retained annuity trusts, (ii) shares voting power with respect
to 1,231,550 of the reported securities an investment advisor to the
trustee of a family trust, (iii) has sole dispositive power with
respect to 1,423,200 of the reported securities as the manager of a
limited liability company that is the general partner of a limited
partnership, and (iv) has sole voting power with respect to 2,251,750
of the reported securities as the manager of a limited liability
company that is the general partner of a limited partnership and as a
trustee to certain grantor retained annuity trusts.
(a) 3,483,300
(b) 6.4%
(c) (i) sole voting power: 2,251,750
(ii) shared voting power: 1,231,550
(iii) sole dispositive power: 1,423,200
(iv) shared dispositive power: 2,060,100
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Page 4 of 4
Persons other than Lloyd I. Miller, III have the right to receive or
the power to direct the receipt of dividends from, or the proceeds
from the sale of, the reported securities.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable
Item 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
Item 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 2003 /s/ Lloyd I. Miller, III
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Lloyd I. Miller, III