Sec Form 4 Filing - Schmidt Derek P @ FLEXSTEEL INDUSTRIES INC - 2021-02-25

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Schmidt Derek P
2. Issuer Name and Ticker or Trading Symbol
FLEXSTEEL INDUSTRIES INC [ FLXS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CFO & COO
(Last) (First) (Middle)
P.O. BOX 877
3. Date of Earliest Transaction (MM/DD/YY)
02/25/2021
(Street)
DUBUQUE, IA52004
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/25/2021 P 5,400 A $ 32.69 ( 1 ) 151,284.56 D
Common Stock 02/26/2021 P 2,500 A $ 32.64 ( 1 ) 153,920.8301 ( 2 ) D
Common Stock 650 I Christine Schmidt IRA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 3 ) ( 4 ) ( 4 ) Common Stock 13,877 13,877 ( 4 ) ( 5 ) D
Option 4/6/20 $ 9.97 04/06/2023 04/06/2030 Common Stock 108,884 108,884 D
Option 7/1/20 $ 12.77 07/01/2021 07/01/2030 Common Stock 13,566 13,566 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Schmidt Derek P
P.O. BOX 877
DUBUQUE, IA52004
CFO & COO
Signatures
/s/ Doa Yang, attorney-in-fact for Mr. Schmidt 03/01/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $32.15 to $32.93 on 2/25/2021 and $32.48 to $32.83 on 2/26/2021. The reporting person undertakes to provide to Flexsteel Industries, Inc., any security holder of Flexsteel Industries, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
( 2 )Included in the amount reported here are shares acquired under a dividend reinvestment plan through an employee 401(K) plan, exempt under rule 16b-3(c) and Rule 16a-3(f)(1)(i)(B).
( 3 )Each restricted stock unit represents a contingent right to receive one share of FLXS common stock.
( 4 )On 4/6/20 4,815 restricted stock units were granted. These restricted stock units vest on June 30, 2022.
( 5 )On 7/1/20, 9,062 restricted stock units were granted. These restricted stock units vest on June 30, 2023.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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