Clearfield, Inc. — Director's Dealing 2011

Jun 2, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2011-05-31

Reporting Person: ROTH RONALD G (Director, Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-31	Common Stock	P	100	$6.67	Acquired	910505	Direct
2011-05-31	Common Stock	P	400	$6.68	Acquired	910905	Direct
2011-05-31	Common Stock	P	2500	$6.71	Acquired	913405	Direct
2011-05-31	Common Stock	P	100	$6.72	Acquired	913505	Direct
2011-05-31	Common Stock	P	600	$6.73	Acquired	914105	Direct
2011-05-31	Common Stock	P	125	$6.75	Acquired	914230	Direct
2011-05-31	Common Stock	P	4200	$6.76	Acquired	918430	Direct
2011-05-31	Common Stock	P	1975	$6.77	Acquired	920405	Direct
2011-05-31	Common Stock	M	5000	$1.28	Acquired	925405	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-31	Employee Stock Option (Right to Buy)	$1.28	M	5000	Disposed	2011-08-18	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	156760	Indirect