SEC Form 4 · accession 0001140361-17-032934
LSI INDUSTRIES INC · LYTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis W. Wells
Officer — CEO and President · Director
Period of report
Aug 18, 2017
Accepted (ET)
Aug 22, 2017 · 12:06 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 | Aug 18, 2017 | A | 504 | $5.98 | A | 23,434 | D | |
| Common SharesF1 | Aug 21, 2017 | A | 12,347 | $5.98 | A | 35,781 | D | |
| Common Shares | holding | — | — | — | 81,685 | 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 BuyF3,F2 | $5.96 | holding | — | — | — | — | Oct 1, 2024 | Common Shares | 100,000 | 100,000 | D |
| Option to BuyF3,F2 | $6.81 | holding | — | — | — | — | Nov 20, 2024 | Common Shares | 75,000 | 75,000 | D |
| Option to BuyF3,F2 | $6.55 | holding | — | — | — | — | Jan 2, 2025 | Common Shares | 39,923 | 39,923 | D |
| Option to BuyF3,F2 | $9.39 | holding | — | — | — | — | Jul 1, 2025 | Common Shares | 45,000 | 45,000 | D |
| Option to BuyF3,F2 | $11.06 | holding | — | — | — | — | Jul 1, 2026 | Common Shares | 60,000 | 60,000 | D |
| Option to BuyF3,F4 | $9.39 | holding | — | — | — | — | Jul 1, 2025 | Common Shares | 90,000 | 90,000 | D |
| Option to BuyF3,F5 | $10.20 | holding | — | — | — | — | Feb 24, 2027 | Common Shares | 65,963 | 65,963 | D |
| Option to BuyF3,F6 | $5.92 | holding | — | — | — | — | Aug 17, 2027 | Common Shares | 60,477 | 60,477 | D |
Explanation of responses
- F1Common Shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan.
- F2The options vest at a rate of 25% per year beginning on the first anniversary of the grant date.
- F3These holdings have been previously reported on Form 4.
- F4On July 1, 2015, the Reporting Person was granted an option to purchase 90,000 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.
- F5The options vest in full on the third anniversary of the grant date.
- F6The options vest ratably over a three year time period.