SEC Form 4 · accession 0000796505-16-000065
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
Nov 18, 2016
Accepted (ET)
Nov 22, 2016 · 6:15 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 | Nov 18, 2016 | M | 10,000 | $3.30 | A | 97,010 | D | |
| Common Stock | Nov 18, 2016 | F | 1,717 | $19.21 | D | 95,293 | D | |
| Common StockF1,F2 | Nov 21, 2016 | S | 14,392 | $19.61 | D | 80,901 | D | |
| Common StockF1,F3 | Nov 22, 2016 | S | 10,608 | $18.88 | D | 70,293 | 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)F4 | $3.30 | Nov 18, 2016 | M | 10,000 | D | Nov 20, 2010 | Nov 20, 2016 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1Shares sold for tax purposes as a result of multiple incentive stock options exercised in 2016.
- F2The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.55 to $19.75.
- F3The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.82 to $19.50.
- F4The stock option exercised vested in 33 1/3% increments beginning 11/20/2010 through 11/20/2012.