SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SFERRA JAMES P/

(Last) (First) (Middle)
LSI INDUSTRIES INC.
10000 ALLIANCE ROAD

(Street)
CINCINNATI OH 45242

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LSI INDUSTRIES INC [ LYTS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/09/2015
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 11/09/2015 S 10,197 D $11.67 (1) 279,532 D
Common Shares (2) 59,351 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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 $6.81 (3) 11/20/2024 Common Shares 30,000 30,000 D
Option to Buy (5) $7.2 (4) 08/22/2023 Common Shares 50,000 50,000 D
Option to Buy (5) $6.58 (4) 08/15/2022 Common Shares 40,000 40,000 D
Option to Buy (5) $17.6 (4) 08/24/2016 Common Shares 25,000 25,000 D
Option to Buy (5) $19.76 (4) 08/24/2017 Common Shares 20,000 20,000 D
Option to Buy (5) $8.98 (4) 08/22/2018 Common Shares 20,000 20,000 D
Option to Buy (5) $8.4 (4) 08/21/2019 Common Shares 60,000 60,000 D
Option to Buy (5) $5.21 (4) 08/19/2020 Common Shares 22,000 22,000 D
Explanation of Responses:
1. The reported price is a weighted average price. These shares were sold in multiple transactions ranging from $11.63 to $11.71. The Reporting Person undertakes to provide full pricing information to the issuer, any security holder of the issuer or the staff of the Securities Exchange Commission upon request.
2. Common shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan.
3. Options vest on the anniversary of the grant date, 15% in 2005, 33-1/3% in 2006, 33-1/3% in 2007 and 18-1/3% in 2008.
4. The options vest at a rate of 25% per year beginning on the first anniversary of the grant date.
5. These holdings have been previously reported on Form 4.
Remarks:
/s/ F. Mark Reuter, Attorney-in-Fact for James P. Sferra 11/12/2015
** 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.