Clearfield, Inc. — Director's Dealing 2014

Jan 29, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2014-01-27

Reporting Person: Hayward Donald R. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-27	Common Stock	M	7500	$1.16	Acquired	18518	Direct
2014-01-27	Common Stock	M	1000	$2.87	Acquired	19518	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-27	Director Non-qualified stock option (right to buy)	$1.16	M	7500	Disposed	2015-02-27	Common Stock (7500)	Direct
2014-01-27	Director Non-qualifed stock option (right to buy)	$2.87	M	1000	Disposed	2016-02-26	Common Stock (1000)	Direct