JOHNSON OUTDOORS INC — Director's Dealing 2004

Nov 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON OUTDOORS INC (JOUT)
CIK: 0000788329
Period of Report: 2004-05-22

Reporting Person: JOHNSON LEIPOLD HELEN P (Director, Chairman and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-22	Class A Common Stock	W	147533	—	Acquired	488367	Indirect
2004-05-22	Class A Common Stock	W	100000	—	Acquired	100000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-22	Class B Common Stock	$0.0000	W	1037330	Acquired		Class A Common Stock (1037330)	Indirect
2004-05-22	Class B Common Stock	$0.0000	W	96036	Acquired		Class A Common Stock (96036)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	35000	Direct
Class A Common Stock	114464	Indirect
Class A Common Stock	3933	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$0.0000		Class A Common Stock (820536)	820536	Indirect
Phantom Shares	$0.0000		Class A Common Stock (13855)	13855	Direct
Option (right to buy)	$24.3750	2004-01-27	Class A Common Stock (5000)	5000	Direct
Option (right to buy)	$13.0400	2005-01-07	Class A Common Stock (485000)	485000	Direct
Option (right to buy)	$8.1250	2009-03-09	Class A Common Stock (85000)	85000	Direct
Option (right to buy)	$7.6250	2009-12-13	Class A Common Stock (30000)	30000	Direct
Option (right to buy)	$5.3125	2010-12-11	Class A Common Stock (30000)	30000	Direct
Option (right to buy)	$7.4175	2011-12-13	Class A Common Stock (30000)	30000	Direct

Footnotes

F1: Ms. Johnson-Leipold reports these shares (a) as controlling shareholder of parent corporation of Johnson Bank, the trustee of certain trusts which directly, or indirectly as shareholders of certain corporations and as general partners of certain limited partnerships, beneficially own reported shares; (b) as a general partner of a limited partnership, which indirectly owns reported shares; (c) as settlor and beneficiary of the Helen Johnson-Leipold Revocable Trust ("Trust"), which beneficially owns reported shares directly or indirectly as a shareholder of certain corporations and as the general partner of certain limited partnerships; or (d) as trustee of the Herbert F. Johnson Distributing Trust.

F2: Ms. Johnson-Leipold reports all shares held by certain corporations of which the Trust or the other trusts referenced above may be deemed to be a controlling shareholder. In addition, Ms. Johnson-Leipold reports all shares held by certain limited partnerships of which the Trust or such other trusts is a general partner. Due to the nature of such limited partnerships, it is impractical to determine the Trust's or such other trusts' proportionate interest (as defined by Rule 16a-1(a)(2)(ii)(B)) in such limited partnerships. Ms. Johnson-Leipold disclaims beneficial ownership of all shares directly or indirectly held by the Trust or such other trusts in which she does not have a pecuniary interest.

F3: As controlling shareholder of Johnson Financial Group, the parent corporation of the trustee of the trust which beneficially owns the reported shares. Ms. Johnson-Leipold disclaims beneficial ownership of these shares.

F4: As trustee of the Samuel C. Johnson Family Trust, which beneficially owns the shares as the controlling shareholder of a corporation.

F5: Reflects shares held under Savings Plan as of October 25, 2004.

F6: Class B Common Stock is convertible at any time on a one-share-for-one-share basis into Class A Common Stock.

F7: The reported shares are held by the Johnson Outdoors Inc. Class B Common Stock Voting Trust ("Voting Trust"), of which Ms. Johnson-Leipold is trustee.

F8: As trustee of the SCJ Family Trust, which beneficially owns the reported shares indirectly as the controlling shareholder of a corporation which beneficially owns the shares as a unit holder in the Johnson Outdoors Inc. Class B Common Stock Voting Trust.

F9: Phantom shares vest and are settled in cash on the third anniversary of their grant date, assuming the market price of the stock is within a prescribed range on such date. In the event the phantom shares do not vest on this date, their vesting is subject to a one year extension in the event certain performance criteria are met.

F10: Fully vested.

F11: Stock option granted pursuant to that certain Option Agreement, dated July 8, 2003, by and among the Samuel C. Johnson 1988 Trust Number 1 dated September 14, 1988, as amended and restated, Helen P. Johnson Leipold, S. Curtis Johnson, H. Fisk Johnson and Winifred J. Marquart.

F12: One-third of option becomes exercisable on each successive anniversary of its December 13, 2001 grant date.