LSI INDUSTRIES INC — Director's Dealing 2019

Aug 23, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSI INDUSTRIES INC (LYTS)
CIK: 0000763532
Period of Report: 2019-08-21

Reporting Person: Caneris Thomas A (Sr. VP, HR and General Counsel)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-21	Option to Buy	$3.83	A	73404	Acquired	2029-08-21	Common Shares (73404)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	0	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Buy	$4.04	2029-08-05	Common Shares (100000)	100000	Direct

Footnotes

F1: These holdings have been previously reported on Form 4.

F2: Non-qualified stock option granted pursuant to the Employment Offer Letter dated June 13, 2019 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: 100,000 shares on August 5, 2022. The vesting of the option is subject to the Reporting Person's continued employment with the Issuer as Senior Vice President, Human Resources and General Counsel on August 5, 2022.

F3: The options vest ratably over a three year period.