4//SEC Filing
Clark James Anthony 4
Accession 0000892251-25-000116
CIK 0000763532other
Filed
Aug 28, 8:00 PM ET
Accepted
Aug 29, 11:07 AM ET
Size
8.9 KB
Accession
0000892251-25-000116
Insider Transaction Report
Form 4
Clark James Anthony
CEO and President
Transactions
- Sale
Common Shares
2025-08-27$23.08/sh−26,597$613,859→ 421,313 total
Holdings
- 500,000
Option to Buy
Exercise: $4.40Exp: 2028-11-01→ Common Shares (500,000 underlying) - 76,271
Option to Buy
Exercise: $6.80Exp: 2030-08-19→ Common Shares (76,271 underlying) - 202,668
Common Shares
Footnotes (5)
- [F1]Disposition of shares for payment of taxes upon vesting of restricted stock units and performance share units.
- [F2]Common shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan.
- [F3]These holdings have been previously reported on Form 4.
- [F4]Non-qualified stock option granted pursuant to the Employment Agreement dated October 15, 2018 between the Reporting Person and the Issuer as an inducement award outside the Issuer's 2012 Stock Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The option vests as follows: (i) 250,000 shares on November 1, 2021; (ii) 125,000 shares if the closing price per share of the Issuer's common stock is at least $9.50 per share prior to the expiration of the option; and (iii) 125.000 shares if the closing price per share of the Issuer's common stock is at least $15.00 per share prior to the expiration of the option. The vesting of the option as to each tranche of shares is subject to the Reporting Person's continued employment with the Issuer as President and Chief Executive Officer on November 1, 2021.
- [F5]The options vest ratably over a three year time period.
Documents
Issuer
LSI INDUSTRIES INC
CIK 0000763532
Entity typeother
Related Parties
1- filerCIK 0001756328
Filing Metadata
- Form type
- 4
- Filed
- Aug 28, 8:00 PM ET
- Accepted
- Aug 29, 11:07 AM ET
- Size
- 8.9 KB