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INTERFACE INC Director's Dealing 2010

Dec 28, 2010

31898_dirs_2010-12-28_cbab8a27-9d1d-4c57-937a-b4cde3b45bec.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTERFACE INC (IFSIA)
CIK: 0000715787
Period of Report: 2010-12-27

Reporting Person: CALLAWAY EDWARD C (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-12-27 Class B Common Stock M 20000 $5.22 Acquired 41000 Direct
2010-12-27 Class B Common Stock M 2500 $4.31 Acquired 43500 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-12-27 Stock Option (Right to Buy) $5.22 M 20000 Disposed 2013-10-22 Class A or Class B Common Stock (20000) Direct
2010-12-27 Stock Option (Right to Buy) $4.31 M 2500 Disposed 2019-01-12 Class A or Class B Common Stock (2500) Direct

Footnotes

F1: Exercise of a derivative security exempted pursuant to Rule 16b-6(b).

F2: A substantial number of such shares are restricted shares subject to a risk of forfeiture under certain circumstances.

F3: The option vested and became exercisable at the rate of 20% per year. The first increment became exercisable on October 22, 2004.

F4: 50% of the option became exercisable on the first anniversary of the grant date, and the remaining 50% of the option vests and becomes exercisable on January 12, 2011