The Lightning is one of the primary models from BC. It's been around since the late 90s. Logos are frequently changed, and sometimes the type of laminated wood. A distant cousin of the Hummingbird Trickster. The Rainbow limited the colors that could be used, so the Lighting was created to add to the selection of laminated woods.
This logo was used starting in December of 2004. The small print on the logo view reads "No. 501 Made in USA".