LSI Industries (LYTS) Form 4 LSI INDUSTRIES / WILFRED T OGARA 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^*

OGARA WILFRED T

(Last) (First) (Middle)

8180 CORPORATE PARK DRIVE

SUITE 301

(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)
04/03/2017

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	04/03/2017		A		1,335	A	$9.74	32,862	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(2)	$19.76							(1)	08/24/2017	Common Shares	2,500		2,500	D
Option to Buy(2)	$19.68							(1)	11/15/2017	Common Shares	1,500		1,500	D
Option to Buy(2)	$8.98							(1)	08/22/2018	Common Shares	2,500		2,500	D
Option to Buy(2)	$4.6							(1)	11/20/2018	Common Shares	1,500		1,500	D
Option to Buy(2)	$8.4							(1)	08/21/2019	Common Shares	3,500		3,500	D
Option to Buy(2)	$7.2							(1)	11/19/2019	Common Shares	1,500		1,500	D
Option to Buy(2)	$5.21							(1)	08/19/2020	Common Shares	2,500		2,500	D
Option to Buy(2)	$8.92							(1)	11/18/2020	Common Shares	1,500		1,500	D
Option to Buy(2)	$6.68							(1)	11/17/2021	Common Shares	1,500		1,500	D
Option to Buy(2)	$6.58							(1)	08/15/2022	Common Shares	2,500		2,500	D
Option to Buy(2)	$6.28							(1)	11/15/2022	Common Shares	1,500		1,500	D

Explanation of Responses:

1. Non-Qualified stock options granted pursuant to the Company's 2003 Equity Compensation Plan. The options vest at a rate of 25% at the conclusion of each 90 day period following the date of grant.

2. These holdings have been previously reported on Form 4.

	/s/ F. Mark Reuter, Attorney-in-Fact for Wilfred T. O'Gara	04/05/2017
	** 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.
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