Filing Details

Accession Number:
0001140361-10-042353
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-10-27 10:36:09
Reporting Period:
2010-10-26
Filing Date:
2010-10-27
Accepted Time:
2010-10-27 10:36:09
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
763532 Lsi Industries Inc LYTS Electric Lighting & Wiring Equipment (3640) 310888951
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1468830 A Craig Miller 2727 Scioto Parkway
Columbus OH 43221
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2010-10-26 2,926 $8.86 2,318,276 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Shares Option to Buy $5.93 2019-07-23 30,000 30,000 Direct
Common Shares Option to Buy $5.21 2020-08-19 24,000 24,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2019-07-23 30,000 30,000 Direct
2020-08-19 24,000 24,000 Direct
Footnotes
  1. 1,097,614 shares of the Issuer were distributed to the reporting persons with respect to their percentage interest in connection with a Purchase and Sale Agreement dated as of July 22, 2009 by and among the Issuer, LSI Acquisition Inc., ADL Technology Inc. ("Technology") and ADL Engineering Inc. ("Engineering"). 1,372,062 shares of the Issuer will be held in escrow pursuant to the terms of an Escrow Agreement dated as of July 22, 2009 by and among LSI Acquisition Inc., each of the reporting persons and U.S. Bank, N.A. (the "Escrow Agreement"), under which the reporting persons will have the authority to direct the escrow agent thereunder to sell all or a portion of the escrowed shares.
  2. All 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 Agreement by Technology, Engineering or the reporting persons. Following the expiration of an initial eighteen month period under the Escrow Agreement, one half of the escrowed shares and any proceeds from sales thereof will be distributed to the reporting persons and following the termination of the escrow period under the Escrow Agreement, any remaining shares and any proceeds from sales thereof will be distributed to the reporting persons.
  3. Each of the reporting persons 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.
  4. These holdings have been previously reported on Form 4.
  5. The options vest at a rate of 25% per year beginning on the first anniversary of the grant date.
  6. These shares were sold on the open market by two reporting persons, Craig A. Miller and Kevin A. Kelly, each of whom sold 1,463 shares.