SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 11)*
LSI Industries Inc.
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(NAME OF ISSUER)
Common Stock
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(TITLE OF CLASS OF SECURITIES)
502 16C 10 8
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(CUSIP NUMBER)
Check the following box if a fee is being paid with this statement [ ]. (A
fee is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following page(s))
Page 1 of 4 Pages
<PAGE>
CUSIP NO. 502 16C 10 8 13G PAGE 2 OF 4 PAGES
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert J. Ready
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
NUMBER OF 413,199
SHARES ---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 130,488
REPORTING ---------------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
413,199
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
130,488
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
543,687
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.0%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 3 of 4 Pages
ITEM 1(a) Name of Issuer: LSI Industries Inc.
1(b) Address of Issuer's Principal Executive Office:
10000 Alliance Road
Cincinnati, Ohio 45242
2(a) Name of Persons Filing: Robert J. Ready
2(b) Address of Principal Business Office:
10000 Alliance Road
Cincinnati, Ohio 45242
2(c) Citizenship: U.S.A.
2(d) Title of Class of Securities: Common Stock, No Par Value
2(e) CUSIP No.: 502 16C 10 8
3. If this Statement is Filed Pursuant to Rules 13d-1(b) or
13d-2(b), check whether the Person Filing is a: N/A
4. Ownership:
(a) See Item 9 of cover page.
(b) See Item 11 of cover page.
(c) See Items 5-8 of cover page.
Share numbers in Items 5, 7 and 9 include options for 54,602
shares that are exercisable within 60 days. Share numbers in Items 6, 8
and 9 include 130,488 shares held in trust for the benefit of Mr.
Ready's children of which shares Mr. Ready disclaims beneficial
ownership.
5. Ownership of 5% or less of class: N/A
6. Ownership of more than 5% on behalf of another person:N/A
7. Identification and classification of the subsidiary which
acquired the security being reported by the parent
holding company: N/A
8. Identification and classification of members of the
group: N/A
9. Notice of dissolution of group: N/A
10. Certification: N/A
<PAGE>
Page 4 of 4 Pages
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: January 30, 1997 /s/Robert J. Ready
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Robert J. Ready
