Clearfield, Inc. — Director's Dealing 2010

Aug 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2010-08-19

Reporting Person: Hill John P (Chief Operating Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-08-19	Option to Purchase Common Stock	$2.58	A	25000	Acquired	2020-08-19	COMMON SHARES (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	10000	Direct

Footnotes

F1: The stock options were issued under the 2007 Clearfield Stock Option Plan as amended. Pursuant to their terms become exercisable at a rate of 25% per year commencing on August 19, 2011 and are fully vested at August 19, 2014 with a ten year term ending august 19, 2020.