Home > Insider Trading > Filing (0001127602-20-021054)

Filing Details

Accession Number:: 0001127602-20-021054
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-07-02 18:16:02
Reporting Period:: 2020-07-01

Accepted Time:: 2020-07-02 18:16:02
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
37472	Flexsteel Industries Inc	FLXS	Household Furniture (2510)	420442319

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1194570	K Jerald Dittmer	P.o. Box 877 Dubuque IA 52004	President & Ceo	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-07-01	1,000	$12.72	10,500	No	4	P	Indirect	Jerald K. Dittmer Revocable Trust U/A DTD 12/9/2014
Common Stock	Acquisiton	2020-07-01	10,000	$0.00	41,943	No	4	M	Direct
Common Stock	Disposition	2020-07-01	3,035	$0.00	38,908	No	4	F	Direct
Common Stock	Disposition	2020-07-01	323	$12.77	38,585	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Jerald K. Dittmer Revocable Trust U/A DTD 12/9/2014
No	4	M	Direct
No	4	F	Direct
No	4	F	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2020-07-01	10,000	$0.00	10,000	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2020-07-01	29,142	$0.00	29,142	$0.00
Common Stock	Option 7/1/20	Acquisiton	2020-07-01	23,256	$12.77	23,256	$12.77

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
35,710			No	4	M	Direct
64,852			No	4	A	Direct
23,256	2021-07-01	2030-07-01	No	4	A	Direct

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Option 08/30/2019	$15.14	2019-08-30	2029-08-30	30,000	30,000	Direct
Common Stock	Option 12/28/2018	$21.96		2028-12-28	85,000	85,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2029-08-30	30,000	30,000	Direct
2028-12-28	85,000	85,000	Direct

Footnotes

The purchase reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 14, 2019
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.72 to $12.73. The reporting person undertakes to provide to Flexsteel Industries, Inc., any security holder of Flexsteel Industries, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
On 12/28/2018, 30,000 restricted stock units were granted. These restricted stock units vest in four installments. On July 1, 2019, 5,000 shares vested, on July 1, 2020, 10,000 shares vested, on July 1, 2021, 10,000 shares shall vest, and on July 1, 2022, 5,000 shares shall vest. Vested shares will be delivered to the reporting person on July 1 of each respective year.
Each restricted stock unit represents a contingent right to receive one share of FLXS common stock.
Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock.
On 12/28/2018, 3,186 restricted shares were granted. The restricted shares award vests in four installments. On July 1, 2019, 531 shares vested, on July 1, 2020, 1,062 shares vested, on July 1, 2021, 1,062 shares shall vest, and on July 1, 2022, 531 shares shall vest. Vested shares will be delivered to the reporting person on July 1 of each respective year.
On 07/01/2020, 29,142 restricted stock units were granted. The restricted stock units vest on June 30, 2023.
On 12/28/18, 85,000 options were granted. The options vest in three installments. On July 1, 2019, 28,334 options vested, on July 1, 2020, 28,333 options vested, and on July 1, 2021, 28,333 options shall vest.