4//SEC Filing
Jalbout Fred 4
Accession 0001140361-07-018151
CIK 0000763532other
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 2:46 PM ET
Size
11.5 KB
Accession
0001140361-07-018151
Insider Transaction Report
Form 4
Jalbout Fred
Pres., LSI Saco Technologies
Transactions
- Sale
Common Shares
2007-09-13$20.00/sh−384,355$7,687,100→ 1,000,000 total(indirect: By Corporation) - Sale
Common Shares
2007-09-13$20.55/sh−35,000$719,390→ 1,384,355 total(indirect: By Corporation)
Holdings
- 2,000
Option to Buy
Exercise: $14.36From: 2007-06-02Exp: 2016-06-02→ Common Stock (20,000 underlying) - 25,000
Option to Buy
Exercise: $19.76From: 2008-08-24Exp: 2017-08-24→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]All of the shares will be held in escrow pursuant to the terms of an Escrow Agreement dated as of June 26, 2006 by and among the Issuer, Saco and The Bank of New York Trust Company, N.A. (the "Escrow Agreement"), under which Saco, of which the reporting person beneficially owns 50%, will have the authority to direct the escrow agent thereunder to sell all or a portion of the escrowed shares. The shares held in escrow pursuant to the Escrow Agreement are subject to forfeiture under the terms of the Escrow Agreement for a period following the closing date in order to satisfy claims arising as a result of breaches of representations and warranties or covenants under the SPA by Saco, Canco, Holdings, Bassam Jalbout or the reporting person. Following the termination of the escrow period under the Escrow Agreement, any remaining shares and any proceeds from sales thereof will be distributed to Saco.
- [F2]The corporation, Saco, of which the reproting person beneficially owns 50%, acquired these shares pursuant to the SPA, which shares shall be held in escrow, as provided in footnote 2 above. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
- [F3]Non-qualified stock options granted pursuant to the Company's 2003 Equity Compensation Plan. The options are exercisable at a rate of 25% per year of the aggregate grant, beginning on the 1st anniversary of the grant date.
Documents
Issuer
LSI INDUSTRIES INC
CIK 0000763532
Entity typeother
Related Parties
1- filerCIK 0001364710
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 2:46 PM ET
- Size
- 11.5 KB