Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* Freesemann Nicole M	2. Issuer Name and Ticker or Trading Symbol RAVEN INDUSTRIES INC [ RAVN ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice President HR
(Last) (First) (Middle) P.O. BOX 5107	3. Date of Earliest Transaction (MM/DD/YYYY) 1/15/2020
(Street) SIOUX FALLS, SD 57117-5107 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	1/15/2020		M		275	A	$20.10	2178	D
Common Stock	1/15/2020		F		193	D	$35.03	1985	D
Common Stock								601	I	By Spouse

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option ⁽¹⁾	$20.1	1/15/2020		M			275	3/17/2016	3/17/2020	Common Stock	275.0	$20.10	0	D
Restricted Stock Unit - 2017	⁽²⁾							⁽³⁾	⁽³⁾	Common Stock	170.0		170	D
Restricted Stock Unit - 2018	⁽²⁾							⁽⁴⁾	⁽⁴⁾	Common Stock	214.0		214	D
Restricted Stock Unit - 2019	⁽²⁾							⁽⁵⁾	⁽⁵⁾	Common Stock	1615.0		1615	D
Restricted Stock Unit - Nov 2019	⁽²⁾							⁽⁶⁾	⁽⁶⁾	Common Stock	400.0		400	D
Restricted Stock Unit - 2017	⁽²⁾							⁽³⁾	⁽³⁾	Common Stock	340.0		340	I	By Spouse
Restricted Stock Unit - 2018	⁽²⁾							⁽⁴⁾	⁽⁴⁾	Common Stock	428.0		428	I	By Spouse
Restricted Stock Unit - 2019	⁽²⁾							⁽⁵⁾	⁽⁵⁾	Common Stock	256.0		256	I	By Spouse

Explanation of Responses:
(1)	Pursuant to Rule 16b-3(d). Right to buy. All options vest at the rate of 25% annually beginning on the date listed in Exercisable, column 6.
(2)	Each Restricted Stock Unit is the economic equivalent of one share of RAVN Common Stock.
(3)	The Time-based Restricted Stock Units shall become vested on the third anniversary of the effective date 4/5/17, provided that the Employee remains continuously employed by the Company through the Vesting Date.
(4)	The Time-based Restricted Stock Units shall become vested on the third anniversary of the effective date 4/5/18, provided that the Employee remains continuously employed by the Company through the Vesting Date.
(5)	The Time-based Restricted Stock Units shall become vested on the third anniversary of the effective date 4/5/19, provided that the Employee remains continuously employed by the Company through the Vesting Date.
(6)	The Time-based Restricted Stock Units shall become vested on the first anniversary of the effective date 11/14/19, provided that the Employee remains continuously employed by the Company through the Vesting Date.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Freesemann Nicole M P.O. BOX 5107 SIOUX FALLS, SD 57117-5107			Vice President HR