LSI INDUSTRIES INC — Director's Dealing 2017

Oct 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSI INDUSTRIES INC (LYTS)
CIK: 0000763532
Period of Report: 2017-09-29

Reporting Person: Wells Dennis W. (Director, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-29	Common Shares	A	689	$6.56	Acquired	38343	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	81685	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Buy	$5.96	2024-10-01	Common Shares (100000)	100000	Direct
Option to Buy	$6.81	2024-11-20	Common Shares (75000)	75000	Direct
Option to Buy	$6.55	2025-01-02	Common Shares (39923)	39923	Direct
Option to Buy	$9.39	2025-07-01	Common Shares (45000)	45000	Direct
Option to Buy	$11.06	2026-07-01	Common Shares (60000)	60000	Direct
Option to Buy	$9.39	2025-07-01	Common Shares (90000)	90000	Direct
Option to Buy	$10.2	2027-02-24	Common Shares (65963)	65963	Direct
Option to Buy	$5.92	2027-08-17	Common Shares (60477)	60477	Direct

Footnotes

F1: Common Shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan.

F2: The options vest at a rate of 25% per year beginning on the first anniversary of the grant date.

F3: These holdings have been previously reported on Form 4.

F4: On July 1, 2015, the Reporting Person was granted an option to purchase 90,000 shares of common stock. The option vests in three equal annual installments based on the Issuer's satisfaction of certain performance criteria for the fiscal year ending June 30, 2016. On September 8, 2016, it was determined that the performance criteria were met.

F5: The options vest in full on the third anniversary of the grant date.

F6: The options vest ratably over a three year time period.