SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
JOHNSON LEIPOLD HELEN P

(Last) (First) (Middle)
C/O J/K MANAGEMENT SERVICES, INC.
555 MAIN STREET

(Street)
RACINE WI 53403

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
JOHNSON OUTDOORS INC [ JOUT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman of the Board & CEO
3. Date of Earliest Transaction (Month/Day/Year)
09/02/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Class A Common Stock 09/02/2005 J(1) 15,299 A $16.79 605,287 I As settlor(2)
Class A Common Stock 45,668 D
Class A Common Stock 100,000 I As shareholder(3)
Class A Common Stock 114,464 I As trustee(4)
Class A Common Stock 488,367 I As trustee(5)
Class A Common Stock 4,129 I By Savings Plan(6)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Class B Common Stock $0(7) (7) (7) Class A Common Stock 18,012 18,012 I As settlor(2)
Phantom Shares $0(8) (8) (8) Class A Common Stock 13,855 13,855 D
Option (right to buy) $8.13 (9) 03/09/2009 Class A Common Stock 85,000 85,000 D
Option (right to buy) $7.63 (9) 12/13/2009 Class A Common Stock 30,000 30,000 D
Option (right to buy) $5.31 (9) 12/11/2010 Class A Common Stock 30,000 30,000 D
Option (right to buy) $7.42 (10) 12/13/2011 Class A Common Stock 30,000 30,000 D
Class B Common Stock $0(7) (7) (7) Class A Common Stock 820,536 820,536 I As trustee(11)
Class B Common Stock $0(7) (7) (7) Class A Common Stock 125,408 125,408 I As trustee(4)
Class B Common Stock $0(7) (7) (7) Class A Common Stock 1,037,330 1,037,330 I By Voting Trust(12)
Explanation of Responses:
1. The Helen Johnson-Leipold Third Party Gift and Inheritance Trust (the "Gift Trust") received these shares in a distribution upon the liquidation of a corporation in which Ms. Johnson-Leipold was a shareholder. The corporation purchased these shares at the closing price of Johnson Outdoors on September 1, 2005.
2. Helen P. Johnson-Leipold reports these shares as settlor and beneficiary of the Gift Trust.
3. As controlling shareholder of Johnson Financial Group ("JFG"), the parent corporation of the trustee of the trust which beneficially owns the reported shares. Ms. Johnson-Leipold disclaims beneficial ownership in all shares held by JFG in which she does not have a pecuniary interest.
4. As trustee of the Samuel C. Johnson Family Trust (the "Family Trust"), which beneficially owns the shares as the controlling shareholder of a corporation. Ms. Johnson-Leipold disclaims beneficial ownership in all shares held by the Family Trust in which she does not have a pecuniary interest.
5. Ms. Johnson-Leipold reports these shares (a) as controlling shareholder of parent corporation of Johnson Bank, the trustee of certain trusts which directly, or indirectly as shareholders of certain corporations and as general partners of certain limited partnerships, beneficially own reported shares; (b) as a shareholder of a corporation and a general partner of a limited partnership, which indirectly owns reported shares; or (c) as settlor and beneficiary of the Helen Johnson-Leipold Revocable Trust (the "Trust"), which beneficially owns reported shares directly or indirectly as a shareholder of certain corporations and as the general partner of certain limited partnerships (collectively, the "Controlling Entities"). Ms. Johnson-Leipold reports all shares held by certain corporations of which the Trust or the other trusts referenced above may be deemed to be a controlling shareholder. In addition, Ms. Johnson-Leipold reports all shares held by certain limited partnerships of which the Trust or such other trusts is a general partner. Due to the nature of such limited partnerships, it is impractical to determine the Trust's or such other trusts' proportionate interest (as defined by Rule 16a-1(a)(2)(ii)(B)) in such limited partnerships. Ms. Johnson-Leipold disclaims beneficial ownership in all shares held by the Controlling Entities in which she does not have a pecuniary interest.
6. Reflects shares held by the Johnson Outdoors 401(k) Retirement and Savings Plan over which Ms. Johnson-Leipold has sole voting power.
7. Class B Common Stock is convertible at any time on a one-share-for-one share basis into Class A Common Stock.
8. Phantom shares vest and are settled in cash on the third anniversary of their grant date, assuming the market price of the stock is within a prescribed range on such date. In the event the phantom shares do not vest on this date, their vesting is subject to a one year extension in the event certain performance criteria are met.
9. Fully vested.
10. One-third of option becomes exercisable on each successive anniversary of its December 13, 2001 grant date.
11. As trustee of the Family Trust, which beneficially owns the reported shares indirectly as the controlling shareholder of a corporation which beneficially owns the shares as a unit holder in the Johnson Outdoors Inc. Class B Common Stock Voting Trust. Ms. Johnson-Leipold disclaims beneficial ownership in all shares held by the Family Trust in which she does not have a pecuniary interest.
12. The reported shares are held by the Johnson Outdoors Inc. Class B Common Stock Voting Trust ("Voting Trust"), of which Ms. Johnson-Leipold is trustee. The total reflected includes 11,762 shares held by the Gift Trust and 820,536 held by the Samuel C. Johnson Family Trust. Ms. Johnson-Leipold disclaims beneficial ownership in all shares held by the family Trust in which she does not have a pecuniary interest.
/s/ Helen P. Johnson-Leipold 09/06/2005
** Signature of Reporting Person Date
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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