Jerald K. Dittmer - Jul 1, 2021 Form 4 Insider Report for FLEXSTEEL INDUSTRIES INC (FLXS)

Role: President & CEO
Signature: /s/ Jennifer Zeman, attorney-in-fact
Stock symbol: FLXS
Transactions as of: Jul 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/6/2021, 07:29 PM
Next filing: Sep 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLXS	Common Stock	Options Exercise		+10K	+23.92%		51.8K	Jul 1, 2021	Direct	F1
transaction	FLXS	Common Stock	Tax liability		-4.1K	-8.85%		42.3K	Jul 1, 2021	Direct	F1
transaction	FLXS	Common Stock	Tax liability		-475	-1.12%		41.8K	Jul 1, 2021	Direct	F1
holding	FLXS	Common Stock						11.5K	Jul 1, 2021	Jerald K. Dittmer Revocable Trust U/A DTD 12/9/2014

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	Options Exercise		-10K	-15.42%		54.9K	Jul 1, 2021	Common Stock	10K		Direct	F1, F2, F3, F4
holding	FLXS	Option 12/28/2018						85K	Jul 1, 2021	Common Stock	85K	$21.96	Direct	F5
holding	FLXS	Option 08/30/2019						30K	Jul 1, 2021	Common Stock	30K	$15.14	Direct
holding	FLXS	Option 7/1/20						23.3K	Jul 1, 2021	Common Stock	23.3K	$12.77	Direct

* 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 12/28/2018, 30,000 restricted stock units were granted. These restricted stock units vest in four installments. On July 1, 2019, 5,000 shares vested, on July 1, 2020, 10,000 shares vested, on July 1, 2021, 10,000 shares shall vest, and on July 1, 2022, 5,000 shares shall vest. Vested shares will be delivered to the reporting person on July 1 of each respective year.
F3	On 07/01/2020, 29,142 restricted stock units were granted. The restricted stock units vest on June 30, 2023.
F4	On 07/19/2019, 20,710 restricted stock units were granted. These restricted stock units vest on June 30, 2022.
F5	On 12/28/18, 85,000 options were granted. The options vest in three installments. On July 1, 2019, 28,334 options vested, on July 1, 2020, 28,333 options vested, and on July 1, 2021, 28,333 options shall vest.