TANDY LEATHER FACTORY INC — Director's Dealing 2008

Jun 11, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TANDY LEATHER FACTORY INC (TLF)
CIK: 0000909724
Period of Report: 2008-06-09

Reporting Person: WARREN WILLIAM M (SECRETARY)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-09	COMMON STOCK, PV $0.0024	P	600.00	$3.05	Acquired	62825	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
QUALIFIED INCENTIVE STOCK OPTION	$4.24	2013-09-16	COMMON STOCK, PV $0.0024 (2000)	2000	Direct

Footnotes

F1: GRANTED PURSUANT TO THE TERMS OF THE 1995 STOCK OPTION PLAN OF TANDY LEATHER FACTORY, INC. (FORMERLY THE LEATHER FACTORY, INC.) FOR KEY MANAGEMENT EMPLOYEES.

F2: THE OPTIONS BECOME VESTED IN 5 EQUAL ANNUAL INSTALLMENTS COMMENCING SEPTEMBER 13, 2004.