Filing Details

Accession Number:
0000892251-24-000093
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-08-21 15:00:06
Reporting Period:
2024-08-19
Accepted Time:
2024-08-21 15:00:06
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
763532 Lsi Industries Inc LYTS Electric Lighting & Wiring Equipment (3640) 310888951
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1756328 Anthony James Clark 10000 Alliance Road
Cincinnati OH 45242
Ceo And President No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Shares Disposition 2024-08-19 33,331 $14.57 361,099 No 4 S Direct
Common Shares Disposition 2024-08-20 30,585 $14.24 330,514 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Shares 185,075 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Shares Option to Buy $4.40 2028-11-01 500,000 500,000 Direct
Common Shares Option to Buy $6.80 2030-08-19 76,271 76,271 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2028-11-01 500,000 500,000 Direct
2030-08-19 76,271 76,271 Direct
Footnotes
  1. Disposition of shares for payment of taxes upon vesting of restricted stock units and performance share units.
  2. Common shares held in the LSI Industries Inc. Non-Qualified Deferral Compensation Plan.
  3. These holdings have been previously reported on Form 4.
  4. Non-qualified stock option granted pursuant to the Employment Agreement dated October 15, 2018 between the Reporting Person and the Issuer as an inducement award outside the Issuer's 2012 Stock Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The option vests as follows: (i) 250,000 shares on November 1, 2021; (ii) 125,000 shares if the closing price per share of the Issuer's common stock is at least $9.50 per share prior to the expiration of the option; and (iii) 125.000 shares if the closing price per share of the Issuer's common stock is at least $15.00 per share prior to the expiration of the option. The vesting of the option as to each tranche of shares is subject to the Reporting Person's continued employment with the Issuer as President and Chief Executive Officer on November 1, 2021.
  5. The options vest ratably over a three year time period.