X0306 4 2020-03-06 0000037472 FLEXSTEEL INDUSTRIES INC FLXS 0001194570 DITTMER JERALD K P.O. BOX 877 DUBUQUE IA 52004 1 President & CEO Common Stock 2020-03-06 4 P 0 2787 12.99 A 6287 I Jerald K. Dittmer Revocable Trust U/A DTD 12/9/2014 Common Stock 31943 D Option 12/28/2018 21.96 2028-12-28 Common Stock 85000 85000 D Option 08/30/2019 15.14 2019-08-30 2029-08-30 Common Stock 30000 30000 D Restricted Stock Units Common Stock 45710 45710 D The purchase reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 14, 2019 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.95 to $13.00. 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. 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 shall vest, and on July 1, 2021, 28,333 options shall vest. Each restricted stock unit represents a contingent right to receive one share of FLXS common stock. 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 shall vest, 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. On 07/19/2019, 20,710 restricted stock units were granted. These restricted stock units vest on June 30, 2022. /s/ Jennifer Zeman, attorney-in-fact 2020-03-09