INTERFACE INC — Director's Dealing 2011

Mar 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTERFACE INC (IFSIA)
CIK: 0000715787
Period of Report: 2011-03-03

Reporting Person: OLIVER THOMAS R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-03	Class B Common Stock	C	3000	—	Disposed	4500	Direct
2011-03-03	Class A Common Stock	C	3000	—	Acquired	194500	Direct
2011-03-03	Class A Common Stock	M	5000	$4.31	Acquired	199500	Direct
2011-03-03	Class A Common Stock	M	5000	$4.75	Acquired	204500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-03	Stock Option (Right to Buy)	$4.31	M	5000	Disposed	2019-01-12	Class A or Class B Common Stock (5000)	Direct
2011-03-03	Stock Option (Right to Buy)	$4.75	M	5000	Disposed	2011-11-26	Class A or Class B Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	5600	Indirect

Footnotes

F1: Conversion of a security exempted pursuant to Rule 16b-6(b). The reporting person exchanged Class B shares for Class A shares on a one-for-one basis.

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

F3: Exercise of a derivative security exempted pursuant to Rule 16b-6(b).

F4: The reporting person disclaims beneficial ownership of the shares held by his spouse.

F5: 50% of the option vested and became exercisable on the first anniversary of the grant date, and the remaining 50% of the option became exercisable on January 12, 2011.

F6: The option vested and became exercisable at the rate of 20% per year. The first increment became exercisable on November 26, 2002.