Exhibit 10.2



LEXAR MEDIA, INC.



2000 EQUITY INCENTIVE PLAN



EXECUTIVE STOCK OPTION AGREEMENT



This Stock Option Agreement (this Agreement) is made and entered into as of the Date of Grant set forth on the Certificate of
Stock Option Grant on E*Trades website (the Certificate) by and between Lexar Media, Inc., a Delaware corporation (the Company), and the Optionee named on the Certificate
(Optionee). Capitalized terms not defined herein shall have the meanings ascribed to them in the Companys 2000 Equity Incentive Plan (the Plan), the Agreement and the Certificate.



1. Grant of Option. The Company hereby grants to Optionee an
option (this Option) to purchase up to the total number of shares of Common Stock of the Company set forth on the Certificate as Total Option Shares (collectively, the Shares) at the Exercise Price
Per Share set forth on the Certificate (the Exercise Price), subject to all of the terms and conditions of this Agreement and the Plan. If designated as an Incentive Stock Option in the Certificate, this Option is intended
to qualify as an incentive stock option (ISO) within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the Code), to the extent permitted under Code Section
422.



2. Vesting; Exercise Period.



2.1 Vesting of Shares. This Option shall be
exercisable as it vests. Subject to the terms and conditions of the Plan, the Certificate and this Agreement, this Option shall vest and become exercisable as to portions of the Shares as indicated on the Certificate: (a) this Option shall not be
exercisable with respect to any of the Shares until the First Vesting Date; (b) if Optionee has continuously provided services to the Company, or any Parent or Subsidiary of the Company, then on the First Vesting Date, this Option shall become
exercisable as per the vesting schedule on the Certificate, provided that Optionee has continuously provided services to the Company, or any Parent or Subsidiary of the Company, at all times during the relevant month. This Option shall cease to vest
upon Optionees Termination and Optionee shall in no event be entitled under this Option to purchase a number of shares of the Companys Common Stock greater than the Total Option Shares.



2.2 Vesting of Options. Shares that are vested
pursuant to the vesting schedule set forth in the Certificate are Vested Shares. Shares that are not vested pursuant to the vesting schedule set forth in the Certificate are Unvested Shares. In the event of a termination of
the Participants employment by the Company without Cause (as defined below) or if Participant terminates his or her employment with the Company for Good Reason (as defined below), with each such termination within one (1) year after a
Corporate Transaction (as defined in the Plan), then all of Participants then Unvested Shares shall immediately become





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Vested Shares. For purposes of this Agreement, Good Reason means (a) without Participants written consent, a ten percent (10%) reduction of
Participants compensation as in effect immediately prior to the Corporate Transaction; provided that the substitution of substantially equivalent compensation and benefits shall not be deemed a reduction of Participants compensation, (b)
without Participants written consent, Participants place of work being moved more than 15 miles from its previous location, or (c) without Participants written consent, a substantial change in Participants work
responsibilities or authority relative to the entire surviving corporate business entity. For purposes of this Agreement, Cause means (a) gross negligence or willful misconduct in the performance of Participants duties to the
Company, (b) conviction of any act of fraud with respect to the Company, (c) conviction of a felony or commission of a crime involving moral turpitude causing harm to the business and affairs of Company, or (d) Participants willful failure or
a refusal to comply in any material respect with the reasonable policies, including, but not limited to, the Companys insider trading policy and standards or regulations of the Company.



2.3 Expiration. This Option shall expire on the
Expiration Date set forth on the Certificate and must be exercised, if at all, on or before the earlier of the Expiration Date or the date on which this Option is earlier terminated in accordance with the provisions of Section 3 hereof.



3. Termination.



3.1 Termination for Any Reason Except Death, Disability
or Cause. If Optionee is Terminated for any reason except Optionees death, Disability or Cause, then this Option, to the extent (and only to the extent) that it is vested in accordance with the vesting schedule set forth on the Certificate
on the Termination Date, may be exercised by Optionee no later than three (3) months after the Termination Date, but in any event no later than the Expiration Date.



3.2 Termination Because of Death or Disability. If Optionee is Terminated because of death or
Disability of Optionee (or the Optionee dies within three (3) months after Termination other than for Cause or because of Disability), then this Option, to the extent that it is vested in accordance with the vesting schedule set forth on the
Certificate on the Termination Date, may be exercised by Optionee (or Optionees legal representative or authorized assignee) no later than twelve (12) months after the Termination Date, but in any event no later than the Expiration Date. Any
exercise after three months after the Termination Date when the Termination is for any reason other than Optionees death or disability, within the meaning of Code Section 22(e)(3), shall be deemed to be the exercise of a nonqualified stock
option.



3.3 Termination for Cause. If
Optionee is Terminated for Cause, this Option will expire on the Optionees date of Termination.



3.4 No Obligation to Employ. Nothing in the Plan, the Certificate or this Agreement shall confer on Optionee any right to continue
in the employ of, or other





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relationship with, the Company or any Parent or Subsidiary of the Company, or limit in any way the right of the Company or any Parent or Subsidiary of the
Company to terminate Optionees employment or other relationship at any time, with or without Cause.



4. Manner of Exercise.



4.1 Stock Option Exercise Agreement. To exercise this Option, Optionee (or in the case of exercise after Optionees death,
Optionees executor, administrator, heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise agreement in the form known as the Cash Letter of Authorization available from E*Trades website, or in
such other form as may be approved by the Company from time to time (the Exercise Agreement), which shall set forth, inter alia, Optionees election to exercise this Option, the number of shares being
purchased, any restrictions imposed on the Shares and any representations, warranties and agreements regarding Optionees investment intent and access to information as may be required by the Company to comply with applicable securities laws.
If someone other than Optionee exercises this Option, then such person must submit documentation reasonably acceptable to the Company that such person has the right to exercise this Option.



4.2 Limitations on Exercise. This Option may not be
exercised unless such exercise is in compliance with all applicable federal and state securities laws, as they are in effect on the date of exercise. This Option may not be exercised as to fewer than 100 Shares unless it is exercised as to all
Shares as to which this Option is then exercisable.



4.3 Payment. The Exercise Agreement shall be accompanied by full payment of the Exercise Price for the Shares being purchased in cash (by check), or where permitted by law:



| | (a) | by cancellation of indebtedness of the Company to the Optionee;
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| | (b) | by surrender of shares of the Companys Common Stock that either: (1) have been owned by Optionee for more than six (6) months and have been paid for within the meaning of SEC
Rule 144 (and, if such shares were purchased from the Company by use of a promissory note, such note has been fully paid with respect to such shares); or (2) were obtained by Optionee in the open public market; and (3) are clear of all liens,
claims, encumbrances or security interests;
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| | (c) | by waiver of compensation due or accrued to Optionee for services rendered;
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| | (d) | provided that a public market for the Companys stock exists: (1) through a same day sale commitment from Optionee and a broker-dealer that is a member of the
National Association of Securities Dealers (an NASD Dealer) whereby Optionee irrevocably elects to exercise this Option and to sell a portion of the Shares so purchased to pay for the Exercise Price and whereby the NASD
Dealer irrevocably commits upon receipt of such Shares to forward the exercise price directly to the Company; or (2) through a margin commitment from Optionee and an NASD
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| | Dealer whereby Optionee irrevocably elects to exercise this Option and to pledge the Shares so purchased to the NASD Dealer in a margin account as security
for a loan from the NASD Dealer in the amount of the Exercise Price, and whereby the NASD Dealer irrevocably commits upon receipt of such Shares to forward the Exercise Price directly to the Company; or
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| | (e) | by any combination of the foregoing.
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4.4 Tax Withholding. Prior to the issuance of the Shares upon exercise of this Option, Optionee must pay or provide for any
applicable federal or state withholding obligations of the Company. If the Committee permits, Optionee may provide for payment of withholding taxes upon exercise of this Option by requesting that the Company retain Shares with a Fair Market Value
equal to the minimum amount of taxes required to be withheld. In such case, the Company shall issue the net number of Shares to the Optionee by deducting the Shares retained from the Shares issuable upon exercise.



4.5 Issuance of Shares. Provided that the Exercise
Agreement and payment are in form and substance satisfactory to counsel for the Company, the Company shall issue the Shares registered in the name of Optionee, Optionees authorized assignee, or Optionees legal representative, and shall
deliver certificates representing the Shares with the appropriate legends affixed thereto.



5. Notice of Disqualifying Disposition of ISO Shares. To the extent this Option is an ISO, if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later
of (a) the date two (2) years after the Date of Grant, and (b) the date one (1) year after transfer of such Shares to Optionee upon exercise of this Option, then Optionee shall immediately notify the Company in writing of such disposition.



6. Compliance with Laws and Regulations. The
exercise of this Option and the issuance and transfer of Shares shall be subject to compliance by the Company and Optionee with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock
exchange on which the Companys Common Stock may be listed at the time of such issuance or transfer. Optionee understands that the Company is under no obligation to register or qualify the Shares with the SEC, any state securities commission or
any stock exchange to effect such compliance.



7.
Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of
Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.



8. Tax Consequences. Set forth below is a brief summary as of the date the Board adopted the Plan of some of the federal tax consequences of
exercise of this Option and disposition of the Shares. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE





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TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. OPTIONEE SHOULD CONSULT A TAX ADVISOR BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES.



8.1 Exercise of Incentive Stock Option. To the
extent this Option qualifies as an ISO, there will be no regular federal income tax liability upon the exercise of this Option, although the excess, if any, of the fair market value of the Shares on the date of exercise over the Exercise Price will
be treated as a tax preference item for federal income tax purposes and may subject the Optionee to the alternative minimum tax in the year of exercise.



8.2 Exercise of Nonqualified Stock Option. To the extent this Option does not qualify as an ISO, there may be a regular federal
income tax liability upon the exercise of this Option. Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value of the Shares on the date of exercise
over the Exercise Price. The Company may be required to withhold from Optionees compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of
exercise.



8.3 Disposition of Shares.
The following tax consequences may apply upon disposition of the Shares.



| | a. | Incentive Stock Options. If the Shares are held for twelve (12) months or more after the date of the transfer of the Shares pursuant to the exercise of an ISO and are
disposed of two (2) years or more after the Date of Grant, any gain realized on disposition of the Shares will be treated as capital gain for federal income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1)
year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the fair market value of the Shares on the date of exercise over the
Exercise Price.
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| | b. | Nonqualified Stock Options. If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an NQSO, any gain
realized on disposition of the Shares will be treated as long-term capital gain.
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| | c. | Withholding. The Company may be required to withhold from Optionees compensation or collect from the Optionee and pay to the applicable taxing authorities an amount
equal to a percentage of this compensation income.
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9. Privileges of Stock Ownership. Optionee shall not have any of the rights of a stockholder with respect to any Shares until the Shares are issued to Optionee.



10. Interpretation. Any dispute regarding the interpretation of this Agreement shall be submitted by Optionee
or the Company to the Committee for review. The resolution of such a dispute by the Committee shall be final and binding on the Company and Optionee.





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11. Entire Agreement. The Plan is incorporated herein by reference. This Agreement, the
Certificate, the Plan and the Exercise Agreement constitute the entire agreement and understanding of the parties hereto with respect to the subject matter hereof and supersede all prior understandings and agreements with respect to such subject
matter.



12. Notices. Any notice required to be
given or delivered to the Company under the terms of this Agreement shall be in writing and addressed to the Corporate Secretary of the Company at its principal corporate offices. Any notice required to be given or delivered to Optionee shall be in
writing and addressed to Optionee at the address indicated on E*Trades website or to such other address as such party may designate in writing from time to time to the Company. All notices shall be deemed to have been given or delivered upon:
personal delivery; three (3) days after deposit in the United States mail by certified or registered mail (return receipt requested); one (1) business day after deposit with any return receipt express courier (prepaid); or one (1) business day after
transmission by facsimile.



13. Successors and
Assigns. The Company may assign any of its rights under this Agreement. This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein,
this Agreement shall be binding upon Optionee and Optionees heirs, executors, administrators, legal representatives, successors and assigns.



14. Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of California,
without regard to that body of law pertaining to choice of law or conflict of law.



15. Acceptance. Optionee hereby acknowledges receipt of a copy of the Plan and this Agreement. Optionee has read and understands the terms and provisions thereof, and accepts this Option subject to all
the terms and conditions of the Plan and this Agreement. Optionee acknowledges that there may be adverse tax consequences upon exercise of this Option or disposition of the Shares and that the Company has advised Optionee to consult a tax advisor
prior to such exercise or disposition.



IN WITNESS
WHEREOF, the Company has caused this Agreement to be executed in duplicate by its duly authorized representative and Optionee has executed this Agreement in duplicate as of the Date of Grant.



LEXAR MEDIA, INC.