Clearfield, Inc. — Director's Dealing 2020

Nov 30, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearfield, Inc. (CLFD)
CIK: 0000796505
Period of Report: 2020-11-25

Reporting Person: HERZOG DANIEL R (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-25	Common Stock	S	5000	$23.51	Disposed	37541	Direct
2020-11-27	Common Stock	S	2000	$23.08	Disposed	35541	Direct
2020-11-27	Common Stock	M	14000	$12.17	Acquired	49541	Direct
2020-11-27	Common Stock	F	9995	$23.33	Disposed	39546	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-27	Employee Stock Option (Right to Buy)	$12.17	M	14000	Disposed	2022-11-14	Common Stock (14000)	Direct

Footnotes

F1: The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.48 to $23.57.

F2: The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.16.

F3: The stock option exercised vested in 1/3rd increments beginning 11/14/2019 through 11/14/2020.