Form Type: 4

SEC EDGAR Link
Acccession Number:0001567619-19-013268
Date:2019-06-11
Issuer: LSI INDUSTRIES INC (LYTS)
Original Submission Date:

Reporting Person:

CLARK JAMES ANTHONY
10000 ALLIANCE ROAD
CINCINNATI, OH 45242

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON SHARES 2019-06-11 P 2,720 a $3.67 2,720 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
OPTION TO BUY 4.4 deemed execution date 0 ( ) 2028-11-01 common shares 500,000 $4.40 500,000 direct
Footnotes
IDfootnote
f1 these holdings have been previously reported on form 4.
f2 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.

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