Federal Signal (FSS) Form 4 FEDERAL SIGNAL / Ian A. Hudson ownership change

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^*

Hudson Ian A.

(Last) (First) (Middle)

1415 WEST 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)
S.V.P. & CFO

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2023

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	05/04/2023		A		3,739(1)	A	$0	83,151	D
Common Stock	05/04/2023		M		2,796	A	$17.02	85,947	D
Common Stock	05/04/2023		S		2,796	D	$50.9048(2)	83,151	D
Common Stock	05/04/2023		M		9,878	A	$23.14	93,029	D
Common Stock	05/04/2023		S		9,878	D	$51.3485(3)	83,151	D
Common Stock	05/04/2023		M		15,478	A	$27.29	98,629	D
Common Stock	05/04/2023		S		15,478	D	$51.6491(4)	83,151	D
Common Stock	05/04/2023		M		8,678	A	$27.8	91,829	D
Common Stock	05/04/2023		S		8,678	D	$51.8009(5)	83,151	D
Common Stock	05/04/2023		S		12,500	D	$52.461(6)	70,651	D
Common Stock	05/08/2023		M		9,343	A	$27.8	79,994	D
Common Stock	05/08/2023		S		9,343	D	$52.5295(7)	70,651	D
Common Stock	05/08/2023		F		2,610	D	$52.98	68,041	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)	$51.81	05/04/2023		A		11,110		(8)	05/04/2033	Common Stock	11,110	$51.81	11,110	D
Stock Option (right-to-buy)	$17.02	05/04/2023		M		2,796		(9)	05/10/2027	Common Stock	2,796	$0	0	D
Stock Option (right-to-buy)	$23.14	05/04/2023		M		9,878		(10)	05/10/2028	Common Stock	9,878	$0	0	D
Stock Option (right-to-buy)	$27.29	05/04/2023		M		15,478		(11)	05/06/2029	Common Stock	15,478	$0	0	D
Stock Option (right-to-buy)	$27.8	05/04/2023		M		8,678		(12)	05/08/2030	Common Stock	8,678	$0	12,181	D
Stock Option (right-to-buy)	$27.8	05/08/2023		M		9,343		(13)	05/08/2030	Common Stock	9,343	$0	2,838	D

Explanation of Responses:

1. This represents a restricted stock award. All 3,739 shares vest on 05/04/2026.

2. This transaction was undertaken in multiple trades at prices ranging from $50.71 to $51.00; 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 $51.00 to $51.54; 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 $51.54 to $51.73; 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. This transaction was undertaken in multiple trades at prices ranging from $51.73 to $51.98; 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.

6. This transaction was executed in multiple trades at prices ranging from $52.12 to $53.08; 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.

7. This transaction was undertaken in multiple trades at prices ranging from $52.10 to $52.95; 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.

8. Options become exercisable as to 3,704 shares on 05/04/2024, 3,703 shares on 05/04/2025 and the remaining 3,703 shares on 05/04/2026.

9. The option vested as to 2,796 shares on 5/10/2020.

10. The option vested as to 4,939 shares on 5/10/2020 and 4,939 shares on 5/10/2021.

11. The option vested as to 5,160 shares on 5/06/2020, 5,159 shares on 5/06/2021 and the remaining 5,159 shares on 5/06/2022.

12. The option vested as to 6,953 shares on 5/08/2021, and 1,725 shares on 5/08/2022.

13. The options vested as to 5,228 shares on 5/08/2022 and 4,115 shares on 5/08/2023.

Remarks:

	Diane I. Bonina, attorney-in-fact for Ian A. Hudson	05/08/2023
	** 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).
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