SEC Form 4 · accession 0000796505-15-000008
Clearfield, Inc. · CLFD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel R Herzog
Officer — Chief Financial Officer
Period of report
Feb 18, 2015
Accepted (ET)
Feb 18, 2015 · 5:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000796505
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 18, 2015 | M | 5,000 | $2.58 | A | 54,233 | D | |
| Common Stock | Feb 18, 2015 | M | 15,000 | $3.30 | A | 69,233 | D | |
| Common Stock | Feb 18, 2015 | F | 3,713 | $13.33 | D | 65,520 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | $2.58 | Feb 18, 2015 | M | 5,000 | D | Aug 19, 2011 | Aug 19, 2020 | Common Stock | 5,000 | 45,000 | D |
| Employee Stock Option (Right to Buy)F2 | $3.30 | Feb 18, 2015 | M | 15,000 | D | Nov 20, 2010 | Nov 20, 2016 | Common Stock | 15,000 | 30,000 | D |
Explanation of responses
- F1The stock option exercised vested in 25% increments beginning 8/19/2011 through 8/19/2014.
- F2The stock option exercised vested in 33% increments beginning 11/20/2010 through 11/20/2012.