From Barbara Abbey’s Knitting Lace,* #38, page 54. Also known as Chillicothe Lace in The Lacy Knitting of Mary Schiffmann,* page 26. Compare to v2, where the center panel is based on stockinette rather than garter.
*Affiliate links. Buy a book and I get a couple pennies.
Shown with a cast-on count of 15 stitches.