Clearfield, Inc. — Director's Dealing 2014

Dec 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2014-12-16

Reporting Person: Hill John P (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-16	Common Stock	S	2254	$12	Disposed	261155	Direct
2014-12-17	Common Stock	S	12746	$12.04	Disposed	248409	Direct

Footnotes

F1: Shares sold in accordance with a 10b5-1 rule plan for tax purposes as a result of exercising options in April 2014.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.11.