FLEXSTEEL INDUSTRIES INC — Director's Dealing 2012

May 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FLEXSTEEL INDUSTRIES INC (FLXS)
CIK: 0000037472
Period of Report: 2012-05-16

Reporting Person: RICHARDSON JAMES R (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-16	Common Stock	M	15347	$13.882	Acquired	276141	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-16	Option 12/09/2002	$15.925	M	10750	Disposed	2012-12-09	Common Stock (10750)	Direct
2012-05-16	Option 12/13/2005	$14.4	M	10750	Disposed	2015-12-13	Common Stock (10750)	Direct
2012-05-16	Option 12/11/2006	$12.65	M	10000	Disposed	2016-12-11	Common Stock (10000)	Direct
2012-05-16	Option 12/10/2007	$12.35	M	10000	Disposed	2017-12-10	Common Stock (10000)	Direct
2012-05-16	Option 12/12/2011	$13.9	M	5000	Disposed	2021-12-12	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15049	Indirect
Common Stock	1332	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option 12/08/2003	$19.21	2013-11-25	Common Stock (10750)	10750	Direct
Option 12/14/2004	$16.49	2014-12-14	Common Stock (10750)	10750	Direct
Option 12/06/2010	$17.23	2020-12-06	Common Stock (5000)	5000	Direct

Footnotes

F1: Total option shares exercised 46,500 with a weighted average price of $13.882. 31,153 shares with a market value of $20.72 per share were surrendered to exercise the option. 15,347 additional shares were issued.