LSI INDUSTRIES INC — Director's Dealing 2020

Aug 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSI INDUSTRIES INC (LYTS)
CIK: 0000763532
Period of Report: 2020-08-19

Reporting Person: Beck Michael C (Sr Vice President - Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-19	Common Shares	A	10238	—	Acquired	10238	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-19	Option to Buy	$6.80	A	21070	Acquired	2030-08-19	Common Shares (21070)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	17932	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Buy	$3.18	2029-02-11	Common Shares (50000)	50000	Direct
Option to Buy	$3.83	2029-08-21	Common Shares (70532)	70532	Direct

Footnotes

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

F2: These holdings have been previously reported on Form 4.

F3: Non-qualified stock option granted pursuant to the Employment Offer Letter dated January 7, 2019 between the Reporting Person and the Issuer as an inducement award outside the Issuer's Amended and Restated 2012 Stock Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The option vests as follows: 50,000 shares on February 11, 2022. The vesting of the option is subject to the Reporting Person's continued employment with the Issuer as Senior Vice President - Operations on February 11, 2022.

F4: The options vest ratably over a three year period.