LSI INDUSTRIES INC — Director's Dealing 2023

Oct 10, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LSI INDUSTRIES INC (LYTS)
CIK: 0000763532
Period of Report: 2023-10-06

Reporting Person: Caneris Thomas A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-10-06	Common Shares	M	4587	$16.18	Disposed	71052	Direct
2023-10-06	Common Shares	F	2138	$16.18	Disposed	68914	Direct
2023-10-06	Common Shares	G	320	$16.18	Disposed	68594	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	135082	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Buy	$4.04	2029-08-05	Common Shares (100000)	100000	Direct
Option to Buy	$3.83	2029-08-21	Common Shares (73404)	73404	Direct
Optino to Buy	$6.8	2030-08-19	Common Shares (21928)	21928	Direct

Footnotes

F1: On October 8, 2021, the Reporting Person reported Issuer's grant of restricted stock units (RSUs) which vest in three equal annual installments. This Form 4 reports the annual vesting of the RSUs and withholding of shares by Issuer for the Reporting Person's tax obligations and updates end of period holdings.

F2: Common Shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan.

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

F4: 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.

F5: The options vest ratably over a three year period.