Clearfield, Inc. — Director's Dealing 2015

Jan 26, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2015-01-23

Reporting Person: Hill John P (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-23	Common Stock	S	2380	$12	Disposed	246689	Direct
2015-01-26	Common Stock	S	7620	$12.02	Disposed	239069	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 in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 to $12.06.