SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* READY SCOTT (Last) (First) (Middle) P.O. BOX 42728 10000 ALLIANCE (Street) CINCINNATI OH 45242 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 11/13/2003	3. Issuer Name and Ticker or Trading Symbol LSI INDUSTRIES INC [ LYTS ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Corporate VP-Image Group	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	85,652	D
Common Stock	4,500	I	By Spouse

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to Buy	(1)	09/04/1997	Common Stock	375	$10.09	D
Option to Buy	(2)	01/21/2008	Common Stock	4,500	$11.33	D
Option to Buy	(3)	07/03/2010	Common Stock	5,625	$10.29	D
Option to Buy	(4)	11/14/2011	Common Stock	3,000	$14.6	D
Option to Buy	(5)	03/01/2012	Common Stock	250	$19.8	D

Explanation of Responses:

1. Options granted pursuant to the Company's Incentive Stock Option Plans September 4, 1997. Options vest 25% a year commencing on the first anniversary of the date of grant.

2. Options granted pursuant to the Company's Incentive Stock Option Plans January 21, 1998. Options vest 25% a year commencing on the first anniversary of the date of grant.

3. Options granted pursuant to the Company's Incentive Stock Option Plans July 3, 2000. Options vest 25% a year commencing on the first anniversary of the date of grant.

4. Options granted pursuant to the Company's Incentive Stock Option Plans November 14, 2001. Options vest 25% a year commencing on the first anniversary of the date of grant.

5. Options granted pursuant to the Company's Incentive Stock Option Plans March 1, 2002. Options vest 25% a year commencing on the first anniversary of the date of grant.

	Scott Ready	11/20/2003
	** Signature of Reporting Person	Date
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 5 (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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