Sec Form 4 Filing - Foerster Andrew @ LSI INDUSTRIES INC - 2017-10-27

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Foerster Andrew
2. Issuer Name and Ticker or Trading Symbol
LSI INDUSTRIES INC [ LYTS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive VP and CTO
(Last) (First) (Middle)
C/O 10000 ALLIANCE ROAD
3. Date of Earliest Transaction (MM/DD/YY)
10/27/2017
(Street)
CINCINNATI, OH45242
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares ( 1 ) 10/27/2017 A 342 A $ 6.65 12,781 D
Common Shares 19,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Buy ( 3 ) $ 7.88 ( 2 ) 03/02/2025 Common Shares 50,000 50,000 D
Option to Buy ( 3 ) $ 9.39 ( 4 ) 07/01/2025 Common Shares 30,000 30,000 D
Option to Buy ( 3 ) $ 11.06 ( 4 ) 07/01/2026 Common Shares 30,000 30,000 D
Option to Buy ( 3 ) $ 9.39 ( 5 ) 07/01/2025 Common Shares 50,000 50,000 D
Option to Buy ( 3 ) $ 5.92 ( 6 ) 08/17/2027 Common Shares 30,000 30,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Foerster Andrew
C/O 10000 ALLIANCE ROAD
CINCINNATI, OH45242
Executive VP and CTO
Signatures
/s/ F. Mark Reuter as Attorney-in-Fact for Andrew Foerster 10/31/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Common Shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan.
( 2 )The option vests in four equal annual installments beginning on March 2, 2016.
( 3 )These holdings have previously been reported on Form 4.
( 4 )The options vest at a rate of 25% per year beginning on the first anniversary of the grant date.
( 5 )On 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.
( 6 )The options vest ratably over a three year time period.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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