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: Clark James Anthony (Director, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-19	Common Shares	A	26471	—	Acquired	29191	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-19	Option to Buy	$6.8	A	76271	Acquired	2030-08-19	Common Shares (76271)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	10209	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Buy	$4.4	2028-11-01	Common Shares (500000)	500000	Direct

Footnotes

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

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

F3: 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.

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