Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MEYER DENNIS B
   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)
(Last)
(First)
(Middle)
02173 GREEN TIMBER TRAIL		 3. Date of Earliest Transaction (Month/Day/Year)
01/04/2010
(Street)

MINSTER, OH 45865		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 01/04/2010   A   307 A $ 8.15 6,568 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 (3) $ 11.68               (2) 11/14/2011 Common Shares 2,813   2,813 D  
Option to Buy (3) $ 8.76               (2) 11/14/2012 Common Shares 1,875   1,875 D  
Option to Buy (3) $ 11.85               (1) 11/13/2003 Common Shares 1,875   1,875 D  
Option to Buy (3) $ 9.96               (1) 10/27/2014 Common Shares 5,000   5,000 D  
Option to Buy (3) $ 10.71               (1) 11/18/2004 Common Shares 1,500   1,500 D  
Option to Buy (3) $ 17.02               (1) 11/15/2005 Common Shares 1,500   1,500 D  
Option to Buy (3) $ 17.6               (1) 08/24/2016 Common Shares 2,500   2,500 D  
Option to Buy (3) $ 17.55               (1) 11/15/2016 Common Shares 1,500   1,500 D  
Option to Buy (3) $ 19.76               (1) 08/24/2017 Common Shares 2,500   2,500 D  
Option to Buy (3) $ 19.68               (1) 11/15/2017 Common Shares 1,500   1,500 D  
Option to Buy (3) $ 8.98               (1) 08/22/2018 Common Shares 2,500   2,500 D  
Option to Buy (3) $ 4.6               (1) 11/20/2018 Common Shares 1,500   1,500 D  
Option to Buy (3) $ 8.4               (1) 08/21/2019 Common Shares 3,500   3,500 D  
Option to Buy (3) $ 7.2               (1) 11/19/2019 Common Shares 1,500   1,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MEYER DENNIS B
02173 GREEN TIMBER TRAIL
MINSTER, OH 45865		   X      

Signatures

 /s/Mark A. Weiss, Attorney-in-Fact for Dennis B. Meyer   01/06/2010
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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 grant date.
(2) Options granted pursuant to the Company's 1995 Directors Stock Option Plan. Options vest 25% per year commencng on the first anniversary of the date of grant.
(3) These holdings have been previously reported on Form 4.

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