Clearfield, Inc. — Director's Dealing 2017

May 31, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2017-05-26

Reporting Person: HERZOG DANIEL R (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-26	Common Stock	F	2061	$13.88	Disposed	50778	Direct

Footnotes

F1: Payment of tax by withholding shares on vesting the first 1/3 of restricted stock that was granted on May 26, 2016.

F2: Since the last ownership report, shares beneficially owned by the reporting person reflects the exempt transfer under Section 16 of 17,523 shares pursuant to an agreement dated May 19, 2017.