Transaction Details

Footnotes

The reported price is a weighted average price. These shares were sold in multiple transactions ranging from $22.75 to $23.13. The Reporting Person undertakes to provide full pricing information to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission upon request. | The reported price is a weighted average price. These shares were sold in multiple transactions ranging from $22.55 to $23.00. The Reporting Person undertakes to provide full pricing information to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission upon request. | The reported price is a weighted average price. These shares were sold in multiple transactions ranging from $22.55 to $23.00. The Reporting Person undertakes to provide full pricing information to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission upon request. | The reported price is a weighted average price. These shares were sold in multiple transactions ranging from $22.55 to $22.82. The Reporting Person undertakes to provide full pricing information to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission upon request. | Common shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan. | These holdings have been previously reported on Form 4. | Non-qualified stock option granted pursuant to the Employment Agreement dated October 15, 2018 between the Reporting Person and the Issuer as an inducement award outside the Issuer's 2012 Stock Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The option vests as follows: (i) 250,000 shares on November 1, 2021; (ii) 125,000 shares if the closing price per share of the Issuer's common stock is at least $9.50 per share prior to the expiration of the option; and (iii) 125.000 shares if the closing price per share of the Issuer's common stock is at least $15.00 per share prior to the expiration of the option. The vesting of the option as to each tranche of shares is subject to the Reporting Person's continued employment with the Issuer as President and Chief Executive Officer on November 1, 2021. | The options vest ratably over a three year time period.