SEC Form 4 · accession 0001246360-16-004973
FLEXSTEEL INDUSTRIES INC · FLXS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karel K Czanderna
Officer — President & CEO
Period of report
Mar 8, 2016
Accepted (ET)
Mar 9, 2016 · 2:07 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 | Mar 8, 2016 | M | 15,000 | $20.50 | A | 42,455 | D | |
| Common Stock | Mar 8, 2016 | F | 7,101 | $43.30 | D | 35,354 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option 07/02/2012 | $20.50 | Mar 8, 2016 | M | 15,000 | D | Jul 2, 2012 | Jul 2, 2022 | Common Stock | 25,000 | 10,000 | D |
| Restricted Stock UnitsF1,F2 | — | holding | — | — | — | Jul 1, 2015 | Jul 2, 2017 | Common Stock | 10,000 | 4,000 | D |
| Option 12/10/2012 | $19.77 | holding | — | — | — | Dec 10, 2012 | Dec 10, 2022 | Common Stock | 5,000 | 5,000 | D |
| Option 12/09/2013 | $27.57 | holding | — | — | — | Dec 9, 2013 | Dec 9, 2023 | Common Stock | 3,600 | 3,600 | D |
| Option 12/08/2014 | $31.06 | holding | — | — | — | Dec 8, 2014 | Dec 8, 2024 | Common Stock | 3,200 | 3,200 | D |
| Option 07/07/2015 | $43.09 | holding | — | — | — | Jul 7, 2015 | Jul 1, 2025 | Common Stock | 2,320 | 2,320 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of FLXS common stock.
- F2The restricted stock units vest in three installments. 6,000 shares on July 1, 2015, 2,000 shares on July 1 2016 and 2,000 shares on July 1, 2017. Vested shares will be delivered to the reporting person on July 1 of each respective year.