Wells Dennis W. 4
4 · LSI INDUSTRIES INC · Filed Aug 21, 2017
Insider Transaction Report
Form 4
Wells Dennis W.
Chief Executive Officer
Transactions
- Award
Common Shares
2017-08-17$5.92/sh+25,490$150,901→ 78,885 total - Award
Option to Buy
2017-08-17+60,477→ 60,477 totalExercise: $5.92Exp: 2027-08-17→ Common Shares (60,477 underlying) - Purchase
Common Shares
2017-08-18$5.80/sh+2,800$16,240→ 81,685 total
Holdings
- 65,963
Option to Buy
Exercise: $10.20Exp: 2027-02-24→ Common Shares (65,963 underlying) - 100,000
Option to Buy
Exercise: $5.96Exp: 2024-10-01→ Common Shares (100,000 underlying) - 60,000
Option to Buy
Exercise: $11.06Exp: 2026-07-01→ Common Shares (60,000 underlying) - 39,923
Option to Buy
Exercise: $6.55Exp: 2025-01-02→ Common Shares (39,923 underlying) - 22,930
Common Shares
- 75,000
Option to Buy
Exercise: $6.81Exp: 2024-11-20→ Common Shares (75,000 underlying) - 45,000
Option to Buy
Exercise: $9.39Exp: 2025-07-01→ Common Shares (45,000 underlying) - 90,000
Option to Buy
Exercise: $9.39Exp: 2025-07-01→ Common Shares (90,000 underlying)
Footnotes (7)
- [F1]Common Shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan.
- [F2]The reported price is a weighted average price. These shares were purchased in multiple transactions ranging from $5.77 to $6.05. The Reporting Person undertakes to provide full pricing information to the issuer, any securityholder of the issuer or the staff of the Securities and Exchange Commission upon request.
- [F3]The options vest at a rate of 25% per year beginning on the first anniversary of the grant date.
- [F4]These holdings have been previously reported on Form 4.
- [F5]On 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.
- [F6]The options vest in full on the third anniversary of the grant date.
- [F7]The options vest ratably over a three year time period.