SEC Form 4 · accession 0001567619-19-003017
LSI INDUSTRIES INC · LYTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael C Beck
Officer — Sr Vice President - Operations
Period of report
Feb 11, 2019
Accepted (ET)
Feb 11, 2019 · 4:27 pm EST
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 | holding | — | — | — | 0 | 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 BuyF1 | $3.18 | Feb 11, 2019 | A | 50,000 | A | — | Feb 11, 2029 | Common Shares | 50,000 | 50,000 | D |
Explanation of responses
- F1Non-qualified stock option granted pursuant to the Employment Offer Letter dated January 7, 2019 between the Reporting Person and the Issuer as an inducement award outside the Issuer's Amended and Restated 2012 Stock Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The option vests as follows: 50,000 shares on February 11, 2022. The vesting of the option is subject to the Reporting Person's continued employment with the Issuer as Senior Vice President - Operations on February 11, 2022.