JOHNSON OUTDOORS INC — Director's Dealing 2011

Dec 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON OUTDOORS INC (JOUT)
CIK: 0000788329
Period of Report: 2011-12-08

Reporting Person: JOHNSON LEIPOLD HELEN P (Director, Chairman of the Board & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-08	Class A Common Stock	M	30000	—	Acquired	250951	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-08	Stock Option	$7.4175	M	30000	Disposed	2011-12-13	Class A Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	903465	Indirect
Class A Common Stock	250872	Indirect

Footnotes

F1: Helen P. Johnson-Leipold reports direct ownership of these shares, which she holds (a) personally, (b) as the sole shareholder of a certain corporation that holds shares, and (c) as restricted stock awards. 30,000 shares issued to Helen P. Johnson-Leipold upon the exercise of stock options reported on this Form 4 were subsequently transferred to one of the Trusts (as defined in Footnote 2 below). Such transferred shares are included below in the "Amount of Securities Beneficially Owned Following Reported Transactions" under Ms. Johnson-Leipold's indirect holdings as settlor.

F2: Helen P. Johnson-Leipold reports these shares as settlor of and beneficiary of certain trusts (collectively, the "Trusts").

F3: Ms. Johnson-Leipold reports these shares as settlor and beneficiary of the Trusts, which beneficially own reported shares directly or indirectly as a shareholder of certain corporations and as the general partner of certain limited partnerships (collectively, the "Controlling Entities").

F4: Ms. Johnson-Leipold reports all shares held by certain corporations of which the Trusts referenced above may be deemed to be controlling shareholders. In addition, Ms. Johnson-Leipold reports all shares held by certain limited partnerships of which one of the Trusts is a general partner. Due to the nature of such limited partnerships, it is impractical to determine each Trust's or other trusts' proportionate interest (as defined by Rule 16a-1(a)(2)(ii)(B)) in such limited partnerships. Ms. Johnson-Leipold disclaims beneficial ownership in all shares held by the Controlling Entities in which she does not have a pecuniary interest.