UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person Lauritsen, Kenneth B Flexsteel Industries, Inc. P. O. Box 877 Dubuque, IA 52004 2. Issuer Name and Ticker or Trading Symbol Flexsteel Industries, Inc. FLXS 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year 03/15/2002 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) President & C.E.O. 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person

Explanation of Responses: J (1) Exercise of stock option. Purchased 7,980 shares by swap method. Swapped 5,802 shares at market value of $14.44

LAURITSEN KENNETH B 4