Sec Form 4 Filing - MARTIN L EDWARD III @ TANDY LEATHER FACTORY INC - 2014-08-18

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
MARTIN L EDWARD III
2. Issuer Name and Ticker or Trading Symbol
TANDY LEATHER FACTORY INC [ TLF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
3712 POTOMAC AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
08/18/2014
(Street)
FORT WORTH, TX76107
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, PV $0.0024 500 I BY IRA
COMMON STOCK, PV $0.0024 2,119 D
COMMON STOCK, PV $0.0024 08/21/2014 X 10,200 A $ 4.41 12,819 D
COMMON STOCK, PV $0.0024 08/18/2014 S 1,000 D $ 9.5 11,819 D
COMMON STOCK, PV $0.0024 08/19/2014 S 3,000 D $ 9.5 8,819 D
COMMON STOCK, PV $0.0024 08/20/2014 S 3,000 D $ 9.5 5,819 D
COMMON STOCK, PV $0.0024 08/21/2014 S 3,200 D $ 9.5 2,619 D
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
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) ( 1 ) $ 5.3 11/28/2010 05/28/2020 COMMON STOCK, PV $0.0024 3,000 3,000 D
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) $ 4.41 08/21/2014 X 10,200 04/08/2011 10/08/2020 COMMON STOCK PV $0.0024 10,200 ( 1 ) 0 D
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) ( 2 ) $ 4.8 09/22/2011 03/22/2021 COMMON STOCK, PV $0.0024 3,000 3,000 D
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) ( 2 ) $ 5.27 09/22/2012 03/22/2022 COMMON STOCK, PV $0.0024 3,000 3,000 D
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) ( 2 ) $ 6.87 09/22/2013 03/22/2023 COMMON STOCK, PV $0.0024 3,000 3,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MARTIN L EDWARD III
3712 POTOMAC AVENUE
FORT WORTH, TX76107
X
Signatures
L. EDWARD MARTIN III 08/25/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )GRANTED PURSUANT TO THE 2007 DIRECTOR NON-QUALIFIED STOCK OPTION PLAN OF TANDY LEATHER FACTORY, INC., AS AMENDED, IN A TRANSACTION EXEMPT UNDER RULE 16B-3.
( 2 )THE SHARES WERE ACQUIRED PURSUANT TO A GRANT OF RESTRICTED STOCK UNDER THE TANDY LEATHER FACTORY INC 2013 RESTRICTED STOCK PLAN. THE AWARD VESTS IN FOUR EQUAL ANNUAL INSTALLMENTS BEGINNING FEBRUARY 12, 2015.

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