SEC Form 4 · accession 0001127602-19-000220

FLEXSTEEL INDUSTRIES INC · FLXS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President & CEO

Period of report

Dec 28, 2018

Accepted (ET)

Jan 2, 2019 · 3:38 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000037472

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Dec 28, 2018	A	3,186	$22.60	A	3,186	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Option 12/28/2018	$21.96	Dec 28, 2018	A	85,000	A	Dec 28, 2018	Dec 28, 2028	Common Stock	85,000	85,000	D
Restricted Stock Units^F2,F3	—	Dec 28, 2018	A	30,000	A	—	—	Common Stock	30,000	30,000	D

F1Restricted stock award granted in the following amount $72,000 divided by $22.60 (the average closing price for the ten trading days prior to the effective date.) The restricted stock award vests in four installments. On July 1, 2019, 531 shares shall vest, on July 1, 2020, 1,062 shares shall vest, 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.
F2Each restricted stock unit represents a contingent right to receive one share of FLXS common stock.
F3Restricted stock units granted in the following amount $678,000 divided by $22.60 (the average closing price for the ten trading days prior to the effective date.) The restricted stock units vest in four installments. On July 1, 2019, 5,000 shares shall vest, on July 1, 2020, 10,000 shares shall vest, 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.