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LSI INDUSTRIES INC — Director's Dealing 2023
Aug 18, 2023
32508_dirs_2023-08-18_f92c9cdc-9d16-43b9-9cb7-6b2407f3f688.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LSI INDUSTRIES INC (LYTS)
CIK: 0000763532
Period of Report: 2023-08-16
Reporting Person: Clark James Anthony (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-08-16 | Common Shares | A | 47022 | — | Disposed | 180634 | Direct |
| 2023-08-16 | Common Shares | A | 79412 | — | Disposed | 260046 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 164693 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option to Buy | $4.4 | 2028-11-01 | Common Shares (500000) | 500000 | Direct |
| Option to Buy | $6.8 | 2030-08-19 | Common Shares (76271) | 76271 | Direct |
Footnotes
F1: Award of restricted stock units (RSUs) pursuant to 2019 Omnibus Award Plan and FY24 Long Term Incentive Plan. The RSUs vest in equal annual installments over three years.
F2: Acquired shares pursuant to vesting of performance share units granted in August 2020.
F3: Common shares held in the LSI Industries Inc. Non-Qualified Deferral Compensation Plan.
F4: These holdings have been previously reported on Form 4.
F5: 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.
F6: The options vest ratably over a three year time period.