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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001166005-02-000003.txt : 20020502
<SEC-HEADER>0001166005-02-000003.hdr.sgml : 20020501
ACCESSION NUMBER:		0001166005-02-000003
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020430
FILED AS OF DATE:		20020502

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FLEXSTEEL INDUSTRIES INC
		CENTRAL INDEX KEY:			0000037472
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD FURNITURE [2510]
		IRS NUMBER:				420442319
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-05151
		FILM NUMBER:		02631407

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 877
		STREET 2:		3400 JACKSON
		CITY:			DUBUQUE
		STATE:			IA
		ZIP:			52004-0877
		BUSINESS PHONE:		3195567730

	MAIL ADDRESS:	
		STREET 1:		3400 JACKSON
		STREET 2:		P.O. BOX 877
		CITY:			DUBUQUE
		STATE:			IA
		ZIP:			52004-0877
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			LAURITSEN KENNETH B
	CENTRAL INDEX KEY:			0001166005
<RELATIONSHIP>DIRECTOR

FILING VALUES:
	FORM TYPE:		4

BUSINESS ADDRESS:	
	STREET 1:		PO BOX 877
	CITY:			DUBUQUE
	STATE:			IA
	ZIP:			52004
	BUSINESS PHONE:		5635567730
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.txt
<DESCRIPTION>FORM 4 - 04/30/02
<TEXT>
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
   04/30/02
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
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
___________________________________________________________________________________________________________________________________|
<S>                        <C>    <C>  <C><C>               <C> <C>         <C>                 <C>    <C>
Flexsteel Industries, Inc. |4/12/0|J(1)| |11,525            |(A)|10.25-10.50|78,410             |(D)   |                           |
                           |2     |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Flexsteel Industries, Inc. |      |    | |                  |   |           |3,452              |(I)   |401k plan                  |
- -----------------------------------------------------------------------------------------------------------------------------------|
Flexsteel Industries, Inc. |      |    | |                  |   |           |5724               |(I)   |By Flexsteel Industries    |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
___________________________________________________________________________________________________________________________________|
<S>                   <C>      <C>   <C>  <C><C>        <C> <C>   <C>   <C>          <C>     <C>     <C>          <C> <C>
Option                |10.50   |4/12/|J(1)| |(D)        |D  |7/28/|7/28/|Flexsteel Co|1,540  |       |-0-         |(D)|            |
                      |        |02   |    | |           |   |94   |04   |mmon Stock  |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option                |11.25   |     |    | |           |   |8/16/|8/16/|Flexsteel Co|       |       |8,850       |(D)|            |
                      |        |     |    | |           |   |95   |05   |mmon Stock  |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option                |10.25   |4/12/|J(1)| |(D)        |D  |7/30/|7/30/|Flexsteel Co|9,750  |       |-0-         |(D)|            |
                      |        |02   |    | |           |   |96   |06   |mmon Stock  |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option                |11.4375 |     |    | |           |   |11/07|11/07|Flexsteel Co|       |       |8,725       |(D)|            |
                      |        |     |    | |           |   |/97  |/07  |mmon Stock  |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option                |10.50   |4/12/|J(1)| |(D)        |D  |11/02|11/02|Flexsteel Co|9,500  |       |-0-         |(D)|            |
                      |        |02   |    | |           |   |/98  |/08  |mmon Stock  |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option                |13.25   |     |    | |           |   |12/09|12/09|Flexsteel Co|       |       |12,000      |(D)|            |
                      |        |     |    | |           |   |/99  |/09  |mmon Stock  |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option                |10.75   |     |    | |           |   |11/14|11/14|Flexsteel Co|       |       |14,000      |(D)|            |
                      |        |     |    | |           |   |/00  |/10  |mmon Stock  |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option                |10.30   |4/12/|J(1)| |(D)        |D  |11/02|11/02|Flexsteel Co|9,700  |       |5,300       |(D)|            |
                      |        |02   |    | |           |   |/01  |/11  |mmon Stock  |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
J (1)  Exercise of stock option.  Purchased 1,540 shares @ 10.50; 9,750 shares
@ 10.25; 9,500 shares @ 10.50; and 9,700 shares @ 10.30 by swap
method. Swapped 18,965  shares at market value of
$16.65

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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