JERALD K. DITTMER - 30 Jun 2022 Form 4 Insider Report for FLEXSTEEL INDUSTRIES INC (FLXS)

Role
President & CEO
Signature
/s/ Jennifer Zeman, attorney-in-fact
Issuer symbol
FLXS
Transactions as of
30 Jun 2022
Net transactions value
-$185,842
Form type
4
Filing time
05 Jul 2022, 14:36:18 UTC
Previous filing
14 Feb 2022
Next filing
12 Sep 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 +20,710 +41% 71,032 30 Jun 2022 Direct F1, F2
transaction FLXS Common Stock Tax liability $146,700 -8,150 -11% $18.00 62,882 30 Jun 2022 Direct F3
transaction FLXS Common Stock Options Exercise +5,000 +8% 67,882 01 Jul 2022 Direct F2, F4
transaction FLXS Common Stock Tax liability $35,385 -1,968 -2.9% $17.98 65,914 01 Jul 2022 Direct F3
transaction FLXS Common Stock Tax liability $3,758 -209 -0.32% $17.98 65,705 01 Jul 2022 Direct F3
holding FLXS Common Stock 12,500 30 Jun 2022 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 -20,710 -33% 42,789 30 Jun 2022 Common Stock 20,710 Direct F1, F2
transaction FLXS Restricted Stock Units Options Exercise -5,000 -12% 37,789 01 Jul 2022 Common Stock 5,000 Direct F2, F4
transaction FLXS Restricted Stock Units Award $0 +20,804 +55% $0.000000 58,593 01 Jul 2022 Common Stock 20,804 Direct F2, F5
transaction FLXS Restricted Stock Units Award $0 +20,642 +35% $0.000000 79,235 01 Jul 2022 Common Stock 20,642 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 07/19/2019, 20,710 restricted stock units were granted. These restricted stock units vested on June 30, 2022.
F2 Each restricted stock unit represents a contingent right to receive one share of FLXS common stock.
F3 Shares withheld to satisfy tax withholding obligations upon vesting of restricted stock.
F4 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 vested, and on July 1, 2022, 5,000 shares vested.
F5 On 7/1/2022, 20,804 restricted stock units were granted. The restricted stock units will vest on June 30, 2024.
F6 On 7/1/2022, 20,642 restricted stock units were granted. The restricted stock units will vest on June 30, 2025.