SEC Form 4 · accession 0001127602-19-002363
FLEXSTEEL INDUSTRIES INC · FLXS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Kenneth Hall
Officer — Executive Officer
Period of report
Jan 15, 2019
Accepted (ET)
Jan 18, 2019 · 3:25 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 | holding | — | — | — | 3,133 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option 01/15/2019F1,F2 | $24.98 | Jan 15, 2019 | A | 7,635 | A | — | — | Common Stock | 7,635 | 7,635 | D |
| Option 12/08/2014 | $31.06 | holding | — | — | — | Dec 8, 2014 | Dec 8, 2024 | Common Stock | 1,200 | 1,200 | D |
| Option 07/07/2015 | $43.09 | holding | — | — | — | Jul 7, 2015 | Jul 1, 2025 | Common Stock | 1,160 | 1,160 | D |
| Option 09-01-2016 | $47.45 | holding | — | — | — | Sep 1, 2016 | Sep 1, 2026 | Common Stock | 1,475 | 1,475 | D |
| Option 09/08/2017 | $45.21 | holding | — | — | — | Sep 8, 2017 | Sep 8, 2027 | Common Stock | 1,548 | 1,548 | D |
| Option 09/13/2018 | $32.80 | holding | — | — | — | Sep 13, 2018 | Sep 13, 2028 | Common Stock | 2,286 | 2,286 | D |
| Restricted Stock UnitsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 12,526 | 12,526 | D |
Explanation of responses
- F1The options vest in three installments. On January 15, 2019, 2,545 options vested, on January 15, 2020, 2,545 options shall vest, and on January 15, 2021, 2,545 options shall vest.
- F2The options expire ten years from the date of vest. On January 15, 2029, 2,545 options shall expire, on January 15, 2030, 2,545 options shall expire, and on January 15, 2031, 2,545 options shall expire.
- F3Each restricted stock unit represents a contingent right to receive one share of FLXS common stock.
- F4The restricted stock units vest in three installments. On July 1, 2019, 33 1/3% shall vest, on July 1, 2020, 33 1/3% shall vest, and on July 1, 2021, 33 1/3% shall vest. Vested shares will be delivered to the reporting person on July 1 of each respective year.