Clearfield, Inc. — Director's Dealing 2016

Nov 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2016-11-18

Reporting Person: HERZOG DANIEL R (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-18	Common Stock	M	10000	$3.3	Acquired	97010	Direct
2016-11-18	Common Stock	F	1717	$19.21	Disposed	95293	Direct
2016-11-21	Common Stock	S	14392	$19.61	Disposed	80901	Direct
2016-11-22	Common Stock	S	10608	$18.88	Disposed	70293	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-18	Employee Stock Option (Right to Buy)	$3.3	M	10000	Disposed	2016-11-20	Common Stock (10000)	Direct

Footnotes

F1: Shares sold for tax purposes as a result of multiple incentive stock options exercised in 2016.

F2: The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.55 to $19.75.

F3: The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.82 to $19.50.

F4: The stock option exercised vested in 33 1/3% increments beginning 11/20/2010 through 11/20/2012.