Statement of Changes in Beneficial Ownership (4)
23 August 2021 - 11:02PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Beck Michael C |
2. Issuer Name and Ticker or Trading Symbol
LSI INDUSTRIES INC
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LYTS
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr Vice President - Operations |
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(Last)
(First)
(Middle)
C/O LSI INDUSTRIES INC., 10000 ALLIANCE ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/19/2021 |
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(Street)
CINCINNATI, OH 45242
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Shares | 8/19/2021 | | F | | 1489 | D | $7.83 | 8749 | D | |
| Common Shares (1) | | | | | | | | 48174 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Option to Buy (2) | $3.18 | | | | | | | (3) | 2/11/2029 | Common Shares | 50000 | | 50000 | D | |
| Option to Buy (2) | $3.83 | | | | | | | (4) | 8/21/2029 | Common Shares | 70532 | | 70532 | D | |
| Option to Buy (2) | $6.80 | | | | | | | (4) | 8/19/2030 | Common Shares | 21070 | | 21070 | D | |
| Explanation of Responses: |
| (1) | Common shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan. |
| (2) | These holdings have been previously reported on Form 4. |
| (3) | 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. |
| (4) | The options vest ratably over a three year period. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Beck Michael C
C/O LSI INDUSTRIES INC.
10000 ALLIANCE ROAD
CINCINNATI, OH 45242 |
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| Sr Vice President - Operations |
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Signatures
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| /s/ F. Mark Reuter as Attorney-in-Fact for Michael C. Beck | | 8/23/2021 |
| **Signature of Reporting Person | Date |
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