SEC Form 4 · accession 0001140361-16-079540
LSI INDUSTRIES INC · LYTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Foerster
Officer — Executive VP and CTO
Period of report
Sep 8, 2016
Accepted (ET)
Sep 12, 2016 · 4:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000763532
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | holding | — | — | — | 6,224 | D | ||
| Common Shares | holding | — | — | — | 10,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to BuyF5 | $9.39 | Sep 8, 2016 | A | 50,000 | A | — | Jul 1, 2026 | Common Shares | 50,000 | 50,000 | D |
| Option to BuyF3,F2 | $7.88 | holding | — | — | — | — | Mar 2, 2025 | Common Shares | 50,000 | 50,000 | D |
| Option to BuyF3,F4 | $9.39 | holding | — | — | — | — | Jul 1, 2025 | Common Shares | 30,000 | 30,000 | D |
| Option to BuyF3,F4 | $11.06 | holding | — | — | — | — | Jul 1, 2026 | Common Shares | 30,000 | 30,000 | D |
Explanation of responses
- F1Common Shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan.
- F2The option vests in four equal annual installments beginning on March 2, 2016.
- F3These holdings have previously been reported on Form 4.
- F4The options vest at a rate of 25% per year beginning on the first anniversary of the grant date.
- F5On July 1, 2015, the Reporting Person was granted an option to purchase 50,000 shares of common stock. The option vests in three equal annual installments based on the Issuer's satisfaction of certain performance criteria for the fiscal year ending June 30, 2016. On September 8, 2016, it was determined that the performance criteria were met.