TANDY LEATHER FACTORY INC — Director's Dealing 2012

Mar 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TANDY LEATHER FACTORY INC (TLF)
CIK: 0000909724
Period of Report: 2012-03-22

Reporting Person: LANGE T FIELD (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-22	NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)	$5.27	A	3000	Acquired	2022-03-22	COMMON STOCK, PV $0.0024 (3000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK, PV $0.0024	500	Direct
COMMON STOCK, PV $0.0024	500	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)	$5.30	2020-05-28	COMMON STOCK PV $0.0024 (3000)	3000	Direct
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)	$3.90	2013-09-26	COMMON STOCK PV $0.0024 (2000)	2000	Direct
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)	$3.87	2014-09-27	COMMON STOCK PV $0.0024 (2000)	2000	Direct
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)	$4.96	2015-09-26	COMMON STOCK PV $0.0024 (2000)	2000	Direct
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)	$4.41	2020-10-08	COMMON STOCK PV $0.0024 (10200)	10200	Direct
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)	$4.80	2021-03-22	COMMON STOCK, PV $0.0024 (3000)	3000	Direct

Footnotes

F1: GRANTED PURSUANT TO THE 1995 DIRECTOR NON-QUALIFIED STOCK OPTION PLAN OF THE LEATHER FACTORY, INC. IN A TRANSACTION EXEMPT UNDER RULE 16B-3.

F2: GRANTED PURSUANT TO THE 2007 DIRECTOR NON-QUALIFIED STOCK OPTION PLAN OF TANDY LEATHER FACTORY, INC. IN A TRANSACTION EXEMPT UNDER RULE 16B-3.