-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001166004-03-000006.txt : 20030909
<SEC-HEADER>0001166004-03-000006.hdr.sgml : 20030909
<ACCEPTANCE-DATETIME>20030909153534
ACCESSION NUMBER:		0001166004-03-000006
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030909
FILED AS OF DATE:		20030909

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BERTSCH JEFFREY T
		CENTRAL INDEX KEY:			0001166004

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-05151
		FILM NUMBER:		03888006

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

ISSUER:		

	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

	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>doc4.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
    <periodOfReport>2003-09-09</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000037472</issuerCik>
        <issuerName>FLEXSTEEL INDUSTRIES INC</issuerName>
        <issuerTradingSymbol>FLXS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001166004</rptOwnerCik>
            <rptOwnerName>BERTSCH JEFFREY T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity></rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>V. P.Corporate Services</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>
  <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
          <value>Common Stock</value>
              <footnoteId id="F1" />
      </securityTitle>
      <transactionDate>
          <value>2003-09-05</value>
      </transactionDate>
      <deemedExecutionDate>
          <value>2003-09-05</value>
      </deemedExecutionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>J</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
              <footnoteId id="F1" />
      </transactionCoding>
      <transactionTimeliness>
      <value />
      </transactionTimeliness>
      <transactionAmounts>
          <transactionShares>
              <value>23164</value>
          </transactionShares>
          <transactionPricePerShare>
              <value>10.65</value>
          </transactionPricePerShare>
          <transactionAcquiredDisposedCode>
              <value>A</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>274765</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
    <nonDerivativeHolding>
      <securityTitle>
          <value>Common Stock</value>
      </securityTitle>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>4411</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>I</value>
          </directOrIndirectOwnership>
          <natureOfOwnership>
              <value>By Flexsteel Industries</value>
          </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeHolding>
    <nonDerivativeHolding>
      <securityTitle>
          <value>Common Stock</value>
      </securityTitle>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>16500</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>I</value>
          </directOrIndirectOwnership>
          <natureOfOwnership>
              <value>By Wife</value>
          </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeHolding>
    <nonDerivativeHolding>
      <securityTitle>
          <value>Common Stock</value>
      </securityTitle>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>111438</value>
              <footnoteId id="F2" />
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>I</value>
          </directOrIndirectOwnership>
          <natureOfOwnership>
              <value>Contingent Bene. Various Trust</value>
          </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeHolding>
    <nonDerivativeHolding>
      <securityTitle>
          <value>Common Stock</value>
      </securityTitle>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>19620</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>I</value>
          </directOrIndirectOwnership>
          <natureOfOwnership>
              <value>Custodian for Minor Children</value>
          </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeHolding>
    <nonDerivativeHolding>
      <securityTitle>
          <value>Common Stock</value>
      </securityTitle>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>67800</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>I</value>
          </directOrIndirectOwnership>
          <natureOfOwnership>
              <value>Minor Children,Bene Var.Trust</value>
          </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeHolding>
  </nonDerivativeTable>
  <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
          <value>Option 7/28/1994</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>11</value>
      </conversionOrExercisePrice>
      <transactionDate>
          <value>2003-09-05</value>
      </transactionDate>
      <deemedExecutionDate>
          <value>2003-09-05</value>
      </deemedExecutionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>J</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
              <footnoteId id="F1" />
      </transactionCoding>
      <transactionAmounts>
          <transactionShares>
              <value>5000</value>
          </transactionShares>
          <transactionPricePerShare>
              <value>10.50</value>
          </transactionPricePerShare>
          <transactionAcquiredDisposedCode>
              <value>D</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
          <value>1994-07-28</value>
      </exerciseDate>
      <expirationDate>
          <value>2004-07-28</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>5000</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>0</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
          <value>Option 8/16/1995</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>11</value>
      </conversionOrExercisePrice>
      <transactionDate>
          <value>2003-09-05</value>
      </transactionDate>
      <deemedExecutionDate>
          <value>2003-09-05</value>
      </deemedExecutionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>J</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
              <footnoteId id="F1" />
      </transactionCoding>
      <transactionAmounts>
          <transactionShares>
              <value>5000</value>
          </transactionShares>
          <transactionPricePerShare>
              <value>11.25</value>
          </transactionPricePerShare>
          <transactionAcquiredDisposedCode>
              <value>D</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
          <value>1995-08-16</value>
      </exerciseDate>
      <expirationDate>
          <value>2005-08-16</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>5000</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>0</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
          <value>Option 7/30/1996</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>10</value>
      </conversionOrExercisePrice>
      <transactionDate>
          <value>2003-09-05</value>
      </transactionDate>
      <deemedExecutionDate>
          <value>2003-09-05</value>
      </deemedExecutionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>J</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
              <footnoteId id="F1" />
      </transactionCoding>
      <transactionAmounts>
          <transactionShares>
              <value>5800</value>
          </transactionShares>
          <transactionPricePerShare>
              <value>10.25</value>
          </transactionPricePerShare>
          <transactionAcquiredDisposedCode>
              <value>D</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
          <value>1996-07-30</value>
      </exerciseDate>
      <expirationDate>
          <value>2006-07-30</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>5800</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>0</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
          <value>Option 11/07/1997</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>11</value>
      </conversionOrExercisePrice>
      <transactionDate>
          <value>2003-09-05</value>
      </transactionDate>
      <deemedExecutionDate>
          <value>2003-09-05</value>
      </deemedExecutionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>J</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
              <footnoteId id="F1" />
      </transactionCoding>
      <transactionAmounts>
          <transactionShares>
              <value>5200</value>
          </transactionShares>
          <transactionPricePerShare>
              <value>11.4375</value>
          </transactionPricePerShare>
          <transactionAcquiredDisposedCode>
              <value>D</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
          <value>1997-11-07</value>
      </exerciseDate>
      <expirationDate>
          <value>2007-11-07</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>5200</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>0</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
          <value>Option 11/02/1998</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>11</value>
      </conversionOrExercisePrice>
      <transactionDate>
          <value>2003-09-05</value>
      </transactionDate>
      <deemedExecutionDate>
          <value>2003-09-05</value>
      </deemedExecutionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>J</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
              <footnoteId id="F1" />
      </transactionCoding>
      <transactionAmounts>
          <transactionShares>
              <value>7000</value>
          </transactionShares>
          <transactionPricePerShare>
              <value>10.50</value>
          </transactionPricePerShare>
          <transactionAcquiredDisposedCode>
              <value>D</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
          <value>1998-11-02</value>
      </exerciseDate>
      <expirationDate>
          <value>2008-11-02</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>7000</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>0</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
    <derivativeHolding>
      <securityTitle>
          <value>Option 12/09/1999</value>
              <footnoteId id="F3" />
      </securityTitle>
      <conversionOrExercisePrice>
          <value>13</value>
      </conversionOrExercisePrice>
      <exerciseDate>
              <footnoteId id="F3" />
      </exerciseDate>
      <expirationDate>
          <value>2009-12-09</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <footnoteId id="F3" />
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>9000</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeHolding>
   <derivativeTransaction>
      <securityTitle>
          <value>Option 11/14/2000</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>11</value>
      </conversionOrExercisePrice>
      <transactionDate>
          <value>2003-09-05</value>
      </transactionDate>
      <deemedExecutionDate>
          <value>2003-09-05</value>
      </deemedExecutionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>J</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
              <footnoteId id="F1" />
      </transactionCoding>
      <transactionAmounts>
          <transactionShares>
              <value>10000</value>
          </transactionShares>
          <transactionPricePerShare>
              <value>10.75</value>
          </transactionPricePerShare>
          <transactionAcquiredDisposedCode>
              <value>D</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
          <value>2000-11-14</value>
      </exerciseDate>
      <expirationDate>
          <value>2010-11-14</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>10000</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>0</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
          <value>Option 11/02/2001</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>10</value>
      </conversionOrExercisePrice>
      <transactionDate>
          <value>2003-09-05</value>
      </transactionDate>
      <deemedExecutionDate>
          <value>2003-09-05</value>
      </deemedExecutionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>J</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
              <footnoteId id="F1" />
      </transactionCoding>
      <transactionAmounts>
          <transactionShares>
              <value>10750</value>
          </transactionShares>
          <transactionPricePerShare>
              <value>10.30</value>
          </transactionPricePerShare>
          <transactionAcquiredDisposedCode>
              <value>D</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
          <value>2001-11-02</value>
      </exerciseDate>
      <expirationDate>
          <value>2011-11-02</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>10750</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>0</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
    <derivativeHolding>
      <securityTitle>
          <value>Option 12/09/2002</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>16</value>
      </conversionOrExercisePrice>
      <exerciseDate>
              <footnoteId id="F3" />
      </exerciseDate>
      <expirationDate>
          <value>2012-12-09</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <footnoteId id="F3" />
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>10750</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeHolding>
  </derivativeTable>
<footnotes>
   <footnote id="F1">Exercise of stock option. Purchased 48,750 shares by swap method. Swapped 25,586 shares at a market value of 20.30</footnote>
   <footnote id="F2">Neither this report nor its filing shall be deemed an admission that the reporting person is, for purposes of Section 16 of the A
ct or otherwise beneficial owner of these securities.</footnote>
   <footnote id="F3">No activity for this option</footnote>
</footnotes>
    <ownerSignature>
       <signatureName>Jeffrey T Bertsch</signatureName>
       <signatureDate>2003-09-09</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----