SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G/A

INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934

Amendment No. 1

LSI Industries Inc.
(NAME OF ISSUER)

Common Stock, no par value
(TITLE OF CLASS OF SECURITIES)

50216C108
(CUSIP NUMBER)

December 31, 2008
(Date of Event which requires Filing of this Statement)

Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:

[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)

(Page 1 of 18 PAGES)

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 

CUSIP No. 50216C108 13G/A PAGE 2 of 18 PAGES

--------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Ardsley Partners Fund II, L.P.
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY


 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
--------------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES -----------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 0
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0%
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 PN
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 50216C108 13G/A PAGE 3 of 18 PAGES

--------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Ardsley Partners Institutional Fund, L.P.
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY

--------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
--------------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 0
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0%
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 PN
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 50216C108 13G/A PAGE 4 of 18 PAGES

--------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Ardsley Partners Renewable Energy Fund, L.P.
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY

--------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
--------------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 0
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0%
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 PN
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 50216C108 13G/A PAGE 5 of 18 PAGES

--------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Ardsley Offshore Fund Ltd.
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY

--------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 British Virgin Islands
--------------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES -----------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 0
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0%
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 CO
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 50216C108 13G/A PAGE 6 of 18 PAGES

--------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Ardsley Renewable Energy Offshore Fund, Ltd.
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY

--------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 British Virgin Islands
--------------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES -----------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 0
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0%
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 CO
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 50216C108 13G/A PAGE 7 of 18 PAGES

--------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Ardsley Advisory Partners
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY

--------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Connecticut
--------------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES -----------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 0
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON ** PN; IA
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 50216C108 13G/A PAGE 8 of 18 PAGES

--------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Ardsley Partners I
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY

--------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Connecticut
--------------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES -----------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 0
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 PN
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 50216C108 13G/A PAGE 9 of 18 PAGES

--------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Philip J. Hempleman
--------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
--------------------------------------------------------------------------------
 (3) SEC USE ONLY

--------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 United States
--------------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES -----------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY -----------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING -----------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 0
--------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
--------------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
--------------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0
--------------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 IN
--------------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 50216C108 13G/A PAGE 10 of 18 PAGES


ITEM 1(a). NAME OF ISSUER:

 The name of the issuer is LSI Industries Inc. (the "Company").

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
 10000 Alliance Road, Cincinnati, Ohio 45242

ITEM 2(a). NAME OF PERSON FILING:

 This statement is filed by:

 (i) Ardsley Partners Fund II, L.P., a Delaware limited partnership
 ("AP II"), with respect to the shares of Common Stock, no par
 value ("Common Stock") directly owned by it;
 (ii) Ardsley Partners Institutional Fund, L.P., a Delaware limited
 partnership ("Ardsley Institutional"), with respect to the
 shares of Common Stock directly owned by it;
 (iii) Ardsley Partners Renewable Energy Fund, L.P., a Delaware
 limited partnership ("Ardsley Energy"), with respect to the
 shares of Common Stock directly owned by it;
 (iv) Ardsley Offshore Fund Ltd., a British Virgin Islands
 corporation ("Ardsley Offshore"), with respect to the shares of
 Common Stock directly owned by it;
 (v) Ardsley Renewable Energy Offshore Fund, Ltd., a British Virgin
 Islands corporation ("Ardsley Energy Offshore"), with respect
 to the shares of Common Stock directly owned by it;
 (vi) Ardsley Advisory Partners, a New York general partnership
 ("Ardsley") which serves as Investment Manager of Ardsley
 Offshore, Ardsley Energy Offshore and the Investment Adviser of
 AP II, Ardsley Institutional, Ardsley Energy and certain
 managed accounts, with respect to the shares of Common Stock
 directly owned by Ardsley Offshore, Ardsley Energy Offshore, AP
 II, Ardsley Institutional, Ardsley Energy and the managed
 accounts;
 (vii) Ardsley Partners I, a New York general partnership ("Ardsley
 Partners") which serves as General Partner of AP II, Ardsley
 Institutional and Ardsley Energy; and
 (viii) Philip J. Hempleman ("Mr. Hempleman"), the Managing Partner of
 Ardsley and Ardsley Partners, with respect to the shares of
 Common Stock owned by AP II, Ardsley Institutional, Ardsley
 Energy, Ardsley Offshore, Ardsley Energy Offshore and the
 managed accounts.

 The foregoing persons are hereinafter sometimes collectively
referred to as the "Reporting Persons." Any disclosures herein with respect to
persons other than the Reporting Persons are made on information and belief
after making inquiry to the appropriate party.

ITEM 2(b). ADDRESS OF PRINCIPAL OFFICE OR, IF NONE, RESIDENCE:

 The address of the business office of each of the Reporting Persons,
with the exception of Ardsley Offshore and Ardsley Energy Offshore, is 262
Harbor Drive, Stamford, Connecticut 06902.

 The address of the registered office of Ardsley Offshore and Ardsley
Energy Offshore is Romasco Place, Wickhams Cay 1, Roadtown Tortola, British
Virgin Islands.


CUSIP No. 50216C108 13G/A PAGE 11 of 18 PAGES


ITEM 2(c). CITIZENSHIP:

 AP II, Ardsley Institutional and Ardsley Energy are Delaware limited
partnerships. Ardsley Offshore and Ardsley Energy Offshore are British Virgin
Islands corporations. Ardsley and Ardsley Partners are New York general
partnerships. Mr. Hempleman is a United States Citizen.

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Class A Common Stock, no par value per
 share

ITEM 2(e). CUSIP NUMBER: 50216C108

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:

 (a) [ ] Broker or dealer registered under Section 15 of the Act

 (b) [ ] Bank as defined in Section 3(a)(6) of the Act

 (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act

 (d) [ ] Investment Company registered under Section 8 of the
 Investment Company Act

 (e) [ ] Investment Adviser registered under Section 203 of the
 Investment Advisers Act of 1940

 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to
 the provisions of the Employee Retirement Income Security
 Act of 1974 or Endowment Fund; see Rule 13d- 1(b)(1)(ii)(F)

 (g) [ ] Parent Holding Company, in accordance with Rule 13d-
 1(b)(ii)(G); see item 7

 (h) ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(H)

If this statement is filed pursuant to Rule 13d-1(c), check the box. [X]


CUSIP No. 50216C108 13G/A PAGE 12 of 18 PAGES


ITEM 4. OWNERSHIP.

 A. Ardsley Partners Fund II, L.P.
 (a) Amount beneficially owned: -0-
 (b) Percent of class: 0%
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: -0-
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the
 disposition: -0-

 B. Ardsley Partners Institutional Fund, L.P.
 (a) Amount beneficially owned: -0-
 (b) Percent of class: 0%
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: -0-
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the
 disposition: -0-

 C. Ardsley Partners Renewable Energy Fund, L.P.
 (a) Amount beneficially owned: -0-
 (b) Percent of class: 0%
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: -0-
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the
 disposition: -0-

 D. Ardsley Offshore Fund Ltd.
 (a) Amount beneficially owned: -0-
 (b) Percent of class: 0%
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: -0-
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: -0-

 E. Ardsley Renewable Energy Offshore Fund, Ltd.
 (a) Amount beneficially owned: -0-
 (b) Percent of class: 0
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: -0-
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: -0-

 F. Ardsley Advisory Partners
 (a) Amount beneficially owned: -0-
 (b) Percent of class: 0%
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: -0-
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: -0-


CUSIP No. 50216C108 13G/A PAGE 13 of 18 PAGES


 G. Ardsley Partners I
 (a) Amount beneficially owned: -0-
 (b) Percent of class: 0%
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: -0-
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: -0-

 H. Philip J. Hempleman
 (a) Amount beneficially owned: -0-
 (b) Percent of class: 0%
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: -0-
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: -0-

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
 If this statement is being filed to report the fact that as of the date
 hereof the reporting person has ceased to be the beneficial owner of more
 than five percent of the class of securities, check the following |X|.


ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
 Not applicable

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
 THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
 Not applicable.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
 Not applicable.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
 Not applicable.


CUSIP No. 50216C108 13G/A PAGE 14 of 18 PAGES


ITEM 10. CERTIFICATION.

 Each of the Reporting Persons hereby makes the following certification:

 By signing below I certify, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business,
were not acquired for the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and were not acquired
in connection with or as a participant in any transaction having such purposes
or effect.


CUSIP No. 50216C108 13G/A PAGE 15 of 18 PAGES


 SIGNATURE

 After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.


DATED: as of February 13, 2009


 ARDSLEY PARTNERS FUND II, L.P.
 BY: ARDSLEY PARTNERS I,
 GENERAL PARTNER


 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 General Partner



 ARDSLEY PARTNERS INSTITUTIONAL FUND, L.P.
 BY: ARDSLEY PARTNERS I,
 GENERAL PARTNER


 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 General Partner


 ARDSLEY PARTNERS RENEWABLE ENERGY FUND, L.P.
 BY: ARDSLEY PARTNERS I,
 GENERAL PARTNER


 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 General Partner

 ARDSLEY OFFSHORE FUND LTD.


 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 Director


 ARDSLEY RENEWABLE ENERGY OFFSHORE FUND LTD.


 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 Director


CUSIP No. 50216C108 13G/A PAGE 16 of 18 PAGES


 ARDSLEY ADVISORY PARTNERS
 By: ARDSLEY PARTNERS I
 GENERAL PARTNER


 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 General Partner


 ARDSLEY PARTNERS I

 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 General Partner



 PHILIP J. HEMPLEMAN, INDIVIDUALLY


 BY:/s/ Steve Napoli*
 -----------------
 Steve Napoli
 As attorney in fact for
 Philip J. Hempleman


* Evidence of Power of Attorney was filed with the Schedule 13G/A filed on
 February 15, 2006 (Acc-no: 0000902664-06-000895) and is incorporated by
 reference into this filing.


CUSIP No. 50216C108 13G/A PAGE 17 of 18 PAGES


 EXHIBIT 1
 JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

 The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G/A is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement shall be filed on behalf of each of the
undersigned without the necessity of filing additional joint filing statements.
The undersigned acknowledge that each shall be responsible for the timely filing
of such amendments, and for the completeness and accuracy of the information
concerning him, her or it contained herein, but shall not be responsible for the
completeness and accuracy of the information concerning the other entities or
persons, except to the extent that he, she or it knows or has reason to believe
that such information is inaccurate.

Dated as of February 13, 2009



 ARDSLEY PARTNERS FUND II, L.P.
 BY: ARDSLEY PARTNERS I,
 GENERAL PARTNER


 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 General Partner


 ARDSLEY PARTNERS INSTITUTIONAL FUND, L.P.
 BY: ARDSLEY PARTNERS I,
 GENERAL PARTNER


 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 General Partner

 ARDSLEY PARTNERS RENEWABLE ENERGY FUND, L.P.
 BY: ARDSLEY PARTNERS I,
 GENERAL PARTNER


 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 General Partner


 ARDSLEY OFFSHORE FUND LTD.


 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 Director


CUSIP No. 50216C108 13G/A PAGE 18 of 18 PAGES


 ARDSLEY RENEWABLE ENERGY OFFSHORE FUND LTD.


 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 Director


 ARDSLEY ADVISORY PARTNERS

 By: ARDSLEY PARTNERS I
 GENERAL PARTNER

 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 General Partner


 ARDSLEY PARTNERS I

 BY:/s/ Steve Napoli
 -----------------
 Steve Napoli
 General Partner


 PHILIP J. HEMPLEMAN, INDIVIDUALLY


 BY:/s/ Steve Napoli *
 -----------------
 Steve Napoli
 Attorney-in-fact
 for Philip J. Hempleman



* Evidence of Power of Attorney was filed with the Schedule 13G/A filed on
 February 15, 2006 (Acc-no: 0000902664-06-000895) and is incorporated by
 reference into this filing.

LSI Industries (NASDAQ:LYTS)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more LSI Industries Charts.
LSI Industries (NASDAQ:LYTS)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more LSI Industries Charts.