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*
Elting Lauren B
(Last) (First) (Middle)
1415 W. 22ND STREET
SUITE 1100
(Street)
OAK BROOK IL 60523
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FEDERAL SIGNAL CORP /DE/ [ FSS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, Corp. Controller & CAO
3. Date of Earliest Transaction (Month/Day/Year)
05/23/2023
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 Stock 05/23/2023 M 5,592 A $17.02 19,583 D
Common Stock 05/23/2023 S 5,592 D $53.5409(1) 13,991 D
Common Stock 05/23/2023 M 3,487 A $23.14 17,478 D
Common Stock 05/23/2023 S 3,487 D $53.9937(2) 13,991 D
Common Stock 05/23/2023 M 2,702 A $27.29 16,693 D
Common Stock 05/23/2023 S 2,702 D $54.0757(3) 13,991 D
Common Stock 05/23/2023 M 2,760 A $27.8 16,751 D
Common Stock 05/23/2023 S 2,760 D $54.1395(4) 13,991 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
Stock Option (right-to-buy) $17.02 05/23/2023 M 5,592 (5) 05/10/2027 Common Stock 5,592 $0 0 D
Stock Option (right-to-buy) $23.14 05/23/2023 M 3,487 (6) 05/10/2028 Common Stock 3,487 $0 0 D
Stock Option (right-to-buy) $27.29 05/23/2023 M 2,702 (7) 05/06/2029 Common Stock 2,702 $0 541 D
Stock Option (right-to-buy) $27.8 05/23/2023 M 2,760 (8) 05/08/2030 Common Stock 2,760 $0 1,380 D
Explanation of Responses:
1. This transaction was undertaken in multiple trades at prices ranging from $53.285 to $53.845; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, Federal Signal Corporation or a security holder of Federal Signal Corporation.
2. This transaction was undertaken in multiple trades at prices ranging from $53.845 to $54.06; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, Federal Signal Corporation or a security holder of Federal Signal Corporation.
3. This transaction was undertaken in multiple trades at prices ranging from $54.06 to $54.10; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, Federal Signal Corporation or a security holder of Federal Signal Corporation.
4. This transaction was undertaken in multiple trades at prices ranging from $54.10 to $54.23; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, Federal Signal Corporation or a security holder of Federal Signal Corporation.
5. The option vested as to 1,864 shares on 5/10/2018, 1,864 shares on 5/10/2019 and 1,864 shares on 5/10/2020.
6. The option vested as to 1,163 shares on 5/10/2019, 1,162 shares on 5/10/2020 and 1,162 shares on 5/10/2021.
7. The option vested as to 1,081 shares on 05/06/2020, 1,081 shares on 05/06/2021 and 540 shares on 05/06/2022.
8. The option vested as to 1,380 shares on 5/08/2021 and 1,380 shares on 5/08/2022.
Remarks:
Diane I. Bonina, attorney-in-fact for Lauren B. Elting 05/24/2023
** 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.