Thomas A. Caneris - Aug 16, 2023 Form 4 Insider Report for LSI INDUSTRIES INC (LYTS)

Role
Exec. VP, HR & General Counsel
Signature
/s/ F. Mark Reuter as Attorney-in-Fact for Thomas A. Caneris
Stock symbol
LYTS
Transactions as of
Aug 16, 2023
Transactions value $
$0
Form type
4
Date filed
8/18/2023, 01:50 PM
Previous filing
Aug 10, 2023
Next filing
Aug 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYTS Common Shares Award $0 +10.3K +24.65% $0.00 52.3K Aug 16, 2023 Direct F1
transaction LYTS Common Shares Award $0 +18.3K +34.92% $0.00 70.6K Aug 16, 2023 Direct F2
holding LYTS Common Shares 135K Aug 16, 2023 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding LYTS Option to Buy 100K Aug 16, 2023 Common Shares 100K $4.04 Direct F4, F5
holding LYTS Option to Buy 73.4K Aug 16, 2023 Common Shares 73.4K $3.83 Direct F4, F6
holding LYTS Optino to Buy 21.9K Aug 16, 2023 Common Shares 21.9K $6.80 Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 Deferred Compensation Plan.
F4 These holdings have been previously reported on Form 4.
F5 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.
F6 The options vest ratably over a three year period.