SEC Form 4 · accession 0001140361-17-032831
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
Aug 17, 2017
Accepted (ET)
Aug 21, 2017 · 3:14 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 Shares | Aug 17, 2017 | A | 6,500 | $5.92 | A | 17,000 | D | |
| Common SharesF2 | Aug 18, 2017 | P | 2,000 | $6.05 | A | 19,000 | D | |
| Common SharesF1 | holding | — | — | — | 9,086 | 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 BuyF7 | $5.92 | Aug 17, 2017 | A | 30,000 | A | — | Aug 17, 2027 | Common Shares | 30,000 | 30,000 | D |
| Option to BuyF4,F3 | $7.88 | holding | — | — | — | — | Mar 2, 2025 | Common Shares | 50,000 | 50,000 | D |
| Option to BuyF4,F5 | $9.39 | holding | — | — | — | — | Jul 1, 2025 | Common Shares | 30,000 | 30,000 | D |
| Option to BuyF4,F5 | $11.06 | holding | — | — | — | — | Jul 1, 2026 | Common Shares | 30,000 | 30,000 | D |
| Option to BuyF4,F6 | $9.39 | holding | — | — | — | — | Jul 1, 2025 | Common Shares | 50,000 | 50,000 | D |
Explanation of responses
- F1Common Shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan.
- F2The reported price is a weighted average price. These shares were purchased in multiple transactions ranging from $6.035 to $6.06. The Reporting Person undertakes to provide full pricing information to the issuer, any securityholder of the issuer or the staff of the Securities and Exchange Commission upon request.
- F3The option vests in four equal annual installments beginning on March 2, 2016.
- F4These holdings have previously been reported on Form 4.
- F5The options vest at a rate of 25% per year beginning on the first anniversary of the grant date.
- F6On 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.
- F7The options vest ratably over a three year time period.