FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Bastian Jeffery S. 		2. Issuer Name and Ticker or Trading Symbol

LSI INDUSTRIES INC [ LYTS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Accounting Officer
(Last)          (First)          (Middle)

C/O LSI INDUSTRIES INC., 10000 ALLIANCE ROAD 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/25/2018
(Street)

CINCINNATI, OH 45242
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   (1) 5/25/2018     A    163   A $5.65   3787   D    
Common Shares                  9020   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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) $9.15                      (3) 6/12/2027   Common Shares   5000     5000   D    
Option to Buy   (2) $8.98                      (3) 8/22/2018   Common Shares   903     903   D    
Option to Buy   (2) $8.40                      (3) 8/21/2019   Common Shares   15000     15000   D    
Option to Buy   (2) $6.58                      (3) 8/16/2022   Common Shares   11250     11250   D    
Option to Buy   (2) $7.20                      (3) 8/23/2023   Common Shares   17000     17000   D    
Option to Buy   (2) $6.81                      (3) 11/20/2024   Common Shares   20000     20000   D    
Option to Buy   (2) $9.39                      (3) 7/1/2025   Common Shares   15000     15000   D    
Option to Buy   (2) $11.06                      (3) 7/1/2026   Common Shares   10000     10000   D    
Option to Buy   (2) $5.92                      (4) 8/17/2027   Common Shares   18000     18000   D    

Explanation of Responses:
(1)  Common Shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan.
(2)  These holdings have been previously reported on Form 4.
(3)  The option vests at a rate of 25% per year beginning on the one year anniversary of the date of grant.
(4)  The options vest ratably over a three year time period.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Bastian Jeffery S.
C/O LSI INDUSTRIES INC.
10000 ALLIANCE ROAD
CINCINNATI, OH 45242

Chief Accounting Officer

Signatures
/s/ F. Mark Reuter as Attorney-in-Fact on behalf of Jeffery S. Bastian 5/29/2018
** 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 control number.
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