Timothy Patrick Newlin - 01 Jul 2021 Form 4 Insider Report for FLEXSTEEL INDUSTRIES INC (FLXS)

Role: VP-Marketing & Product
Signature: /s/ Jennifer Zeman, attorney-in-fact
Issuer symbol: FLXS
Transactions as of: 01 Jul 2021
Net transactions value: +$47,574
Form type: 4
Filing time: 06 Jul 2021, 17:19:30 UTC
Next filing: 05 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLXS	Common Stock	Options Exercise		+2,087	+9%		25,259	01 Jul 2021	Direct	F1
transaction	FLXS	Common Stock	Tax liability	$26,844	-634	-2.5%	$42.34	24,625	01 Jul 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FLXS	Restricted Stock Units	Award	$74,418	+1,751	+15%	$42.50	13,809	01 Jul 2021	Common Stock	1,751		Direct	F1, F2
transaction	FLXS	Restricted Stock Units	Options Exercise		-2,087	-15%		11,722	01 Jul 2021	Common Stock	2,087		Direct	F1, F3, F4, F5
holding	FLXS	Option 12/09/2013						500	01 Jul 2021	Common Stock	500	$27.57	Direct
holding	FLXS	Option 12/08/2014						500	01 Jul 2021	Common Stock	500	$31.06	Direct
holding	FLXS	Option 07/01/2015						464	01 Jul 2021	Common Stock	464	$43.09	Direct
holding	FLXS	Option 09-01-2016						737	01 Jul 2021	Common Stock	737	$47.45	Direct
holding	FLXS	Option 09/08/2017						1,105	01 Jul 2021	Common Stock	1,105	$45.21	Direct
holding	FLXS	Option 09/13/2018						2,286	01 Jul 2021	Common Stock	2,286	$32.80	Direct
holding	FLXS	Option 01/15/2019						6,020	01 Jul 2021	Common Stock	6,020	$24.98	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of FLXS common stock.
F2	On 07/02/2018, 6,263 restricted stock units were granted. These restricted stock units vest in three installments. On July 1, 2019, 33 1/3% vested, on July 1, 2020, 33 1/3% vested, and on July 1, 2021, 33 1/3% shall vest. Vested shares will be delivered to the reporting person on July 1 of each respective year.
F3	On 7/1/2021, 1,751 restricted stock units were granted. These restricted stock units vest on June 30, 2024.
F4	On 07/01/2020, 5,995 restricted stock units were granted. The restricted stock units vest on June 30, 2023.
F5	On 07/19/2019, 3,976 restricted stock units were granted. These restricted stock units vest on June 30, 2022.
F6	The options vest in three installments. On January 15, 2019, 2,007 options vested, on January 15, 2020, 2,007 options vested, and on January 15, 2021, 2,006 options shall vest.