Clearfield, Inc. — Director's Dealing 2011

Sep 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2011-09-26

Reporting Person: Beranek Cheryl P (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-26	Common Stock	M	40000	$1.09	Acquired	118952	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-26	Employee Stock (Right to Buy)	$1.09	M	40000	Disposed	2013-11-09	Common Stock (40000)	Direct