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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001166010-03-000001.txt : 20030210
<SEC-HEADER>0001166010-03-000001.hdr.sgml : 20030210
<ACCEPTANCE-DATETIME>20030210154203
ACCESSION NUMBER:		0001166010-03-000001
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030210
FILED AS OF DATE:		20030210

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RICHARDSON JAMES R
		CENTRAL INDEX KEY:			0001166010
		RELATIONSHIP:				DIRECTOR

	FILING VALUES:
		FORM TYPE:		4

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 877
		CITY:			DUBUQUE
		STATE:			IA
		ZIP:			52004
		BUSINESS PHONE:		5635567730

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:		03547277

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.txt
<DESCRIPTION>FORM 4 - 02/10/2003
<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
   Richardson, James R
   Flexsteel Industries, Inc.
   P. O. Box 877
   Dubuque, IA  52004
   Dubuque
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/Day/Year
   02/10/2003
5. If Amendment, Date of Original (Month/Day/Year)

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
   (specify below)
   Senior V. P. Marketing
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.    |2A.   |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                    |Trans-|Exec- |Trans |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                    |action|ution |action|                                  |  Beneficially     |(D)or |                           |
                    |      |      |    | |                  | A/|           |  Owned Following  |Indir |                           |
                    |Date  | Date |Code|V|    Amount        | D |    Price  |  Reported Trans(s)|ect(I)|                           |
___________________________________________________________________________________________________________________________________|
<S>                 <C>    <C>    <C>  <C><C>               <C> <C>         <C>                 <C>    <C>
Flexsteel Industries|2/10/0|      |G   |V|598               |(A)|16.72      |177,094            |(D)   |                           |
, Inc. Common Stock |3     |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Flexsteel Industries|      |      |    | |                  |   |           |1,332              |(I)   |By Wife                    |
, Inc. Common Stock |      |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Flexsteel Industries|      |      |    | |                  |   |           |9,473              |(I)   |401k Plan                  |
, Inc. Common Stock |      |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Flexsteel Industries|2/10/0|      |G   |V|1,794             |(D)|16.72      |235,920            |(I)   |Trust                      |
, Inc. Common Stock |3     |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Flexsteel Industries|      |      |    | |                  |   |           |7,142              |(I)   |By Flexsteel Industries    |
, Inc. Common Stock |      |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________|
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
1.Title of   |2.Con-  |3.     |3A.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Derivative |version |Trans- |Deemed|Trans-| rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
  Security   |or Exer |action |      |action| rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
             |cise    |       |Execu-|      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
             |Price of|       |ution |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
             |Deriva- |       |      |      |               |Date |Expir|                    |       |ficially    |Ind|            |
             |tive    |       |      |      |           | A/|Exer-|ation|   Title and Number |       |Owned Follow|ire|            |
             |Secu-   |(Month/|(Month|    | |           | D |cisa-|Date |   of Shares        |       |ing Reported|ct |            |
             |rity    |Day/   |/Day/ |Code|V|  Amount   |   |ble  |     |                    |       |Trans-      |(I)|            |
             |        |Year)  |Year) |    | |           |   |     |     |                    |       |action(s)   |   |            |
___________________________________________________________________________________________________________________________________|
<S>          <C>      <C>     <C>    <C>  <C><C>        <C> <C>   <C>   <C>          <C>     <C>     <C>          <C> <C>
Option       |13.25   |       |      |    | |           |   |12/09|12/09|Flexsteel Co|       |       |9,000       |(D)|            |
             |        |       |      |    | |           |   |/99  |/09  |mmon Stock  |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option       |10.75   |       |      |    | |           |   |11/14|11/14|Flexsteel Co|       |       |10,000      |(D)|            |
             |        |       |      |    | |           |   |/00  |/10  |mmon Stock  |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option       |10.30   |       |      |    | |           |   |11/02|11/02|Flexsteel Co|       |       |10,750      |(D)|            |
             |        |       |      |    | |           |   |/01  |/11  |mmon Stock  |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option       |15.9250 |       |      |    | |           |   |12/09|12/09|Flexsteel Co|       |       |10,750      |(D)|            |
             |        |       |      |    | |           |   |/02  |/12  |mmon Stock  |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
             |        |       |      |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:

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