Clearfield, Inc. — Director's Dealing 2012

May 24, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2012-05-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-24	Common Stock	P	600	$4.08	Acquired	1007305	Direct
2012-05-24	Common Stock	P	6400	$4.1	Acquired	1013705	Direct
2012-05-24	Common Stock	P	400	$4.11	Acquired	1014105	Direct
2012-05-24	Common Stock	P	2600	$4.145	Acquired	1016705	Direct
2012-05-24	Common Stock	P	900	$4.1499	Acquired	1017605	Direct
2012-05-24	Common Stock	P	9100	$4.15	Acquired	1026705	Direct
2012-05-24	Common Stock	P	300	$4.14	Acquired	167060	Indirect
2012-05-24	Common Stock	P	9700	$4.15	Acquired	176760	Indirect