Clearfield, Inc. — Director's Dealing 2013

Jul 31, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2013-07-31

Reporting Person: Hill John P (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-07-31	Common Stock	M	42000	$1.09	Acquired	67140	Direct
2013-07-31	Common Stock	F	4196	$10.91	Disposed	62944	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-07-31	Employee Stock Option (Right to Buy)	$1.09	M	42000	Disposed	2013-11-09	Common Stock (30000)	Direct

Footnotes

F1: (1) The stock option exercised vests in 20% increments beginning 11/8/2008 through 11/9/2012.