Clearfield, Inc. — Director's Dealing 2016

May 31, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2016-05-26

Reporting Person: Hill John P (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-26	Restricted Stock	A	25641	—	Acquired	248941	Direct

Footnotes

F1: The restricted stock vests as to one-third of the shares on the first three anniversaries of the date of grant subject to the reporting person's continued employment through each such date.