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JOHNSON OUTDOORS INC Director's Dealing 2005

May 20, 2005

32991_dirs_2005-05-20_2c2b6327-531e-46cb-8fde-a710f89cde87.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON OUTDOORS INC (JOUT)
CIK: 0000788329
Period of Report: 2004-12-31

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
2004-12-31 Class A Common Stock X 485000 $13.04 Acquired 485000 Indirect
2005-02-16 Class A Common Stock P 49988 $20.10 Acquired 534988 Indirect
2005-05-18 Class A Common Stock P 55000 $18.08 Acquired 589988 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-12-31 Option (right to buy) $13.04 X 485000 Disposed 2005-01-07 Class A Common Stock (485000) Indirect
2005-02-16 Class B Common Stock $ P 18012 Acquired Class A Common Stock (18012) Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 35000 Direct
Class A Common Stock 100000 Indirect
Class A Common Stock 114464 Indirect
Class A Common Stock 488367 Indirect
Class A Common Stock 4136 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Phantom Shares $0.00 Class A Common Stock (13855) 13855 Direct
Option (right to buy) $8.13 2009-03-09 Class A Common Stock (85000) 85000 Direct
Option (right to buy) $7.63 2009-12-13 Class A Common Stock (30000) 30000 Direct
Option (right to buy) $5.31 2010-12-11 Class A Common Stock (30000) 30000 Direct
Option (right to buy) $7.42 2011-12-13 Class A Common Stock (30000) 30000 Direct
Class B Common Stock $0.00 Class A Common Stock (820536) 820536 Indirect
Class B Common Stock $0.00 Class A Common Stock (125408) 125408 Indirect
Class B Common Stock $0.00 Class A Common Stock (1037330) 1037330 Indirect

Footnotes

F1: Helen Johnson-Leipold reports these shares as settlor and beneficiary of the Helen Johnson-Leipold Third Party Gift and Inheritance Trust (the "Gift Trust"). Ms. Johnson-Leipold held the reported option directly until it was transferred to the Gift Trust in a transaction exempt from Section 16 under Rule 16a-13.

F2: 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.

F3: As trustee of the Samuel C. Johnson Family Trust, which beneficially owns the shares as the controlling shareholder of a corporation.

F4: 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 shareholder of a corporation and a general partner of a limited partnership, which indirectly owns reported shares; or (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. Ms. Johnson-Leipold's prior report overstated the number of shares indirectly held by 20 shares.

F5: 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.

F6: Reflects shares held under Savings Plan as of January 10, 2005.

F7: 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.

F8: Class B Common Stock is convertible at any time on a one-share-for-one-share basis into Class A Common Stock.

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

F12: As trustee of the Samuel C. Johnson 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.

F13: 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. The total reflected includes 11,762 shares held by the Gift Trust and 820,536 held by the Samuel C. Johnson Family Trust.