Clearfield, Inc. — Director's Dealing 2014

Apr 25, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2014-04-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-25	Common Stock	M	200000	$1.03	Acquired	519408	Direct
2014-04-25	Common Stock	M	25000	$3.3	Acquired	544408	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-04-25	Employee Stock Option (Right to Buy)	$1.03	M	200000	Disposed	2018-10-30	Common Stock (200000)	Direct
2014-04-25	Employee Stock Option (Right to Buy)	$3.3	M	25000	Disposed	2016-11-20	Common Stock (25000)	Direct

Footnotes

F1: The stock option vested in 33.3% increments beginning 10/30/09 through 10/30/11.

F2: The stock option vested in 33.3% increments beginning 11/20/10 through 11/20/12.