Thomas A. Caneris - Oct 6, 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
Oct 6, 2023
Transactions value $
-$113,988
Form type
4
Date filed
10/10/2023, 04:37 PM
Previous filing
Aug 28, 2023
Next filing
Aug 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYTS Common Shares Options Exercise -$74.2K -4.59K -6.06% $16.18 71.1K Oct 6, 2023 Direct F1
transaction LYTS Common Shares Tax liability -$34.6K -2.14K -3.01% $16.18 68.9K Oct 6, 2023 Direct F1
transaction LYTS Common Shares Gift -$5.18K -320 -0.46% $16.18 68.6K Oct 6, 2023 Direct
holding LYTS Common Shares 135K Oct 6, 2023 Direct F2

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 Oct 6, 2023 Common Shares 100K $4.04 Direct F3, F4
holding LYTS Option to Buy 73.4K Oct 6, 2023 Common Shares 73.4K $3.83 Direct F3, F5
holding LYTS Optino to Buy 21.9K Oct 6, 2023 Common Shares 21.9K $6.80 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.