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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
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 * Pappas James C 2. Issuer Name and Ticker or Trading Symbol TANDY LEATHER FACTORY INC [ TLFA ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)         (First)         (Middle)
1177 WEST LOOP SOUTH, SUITE 1650
3. Date of Earliest Transaction (MM/DD/YYYY)
2/23/2021
(Street)
HOUSTON, TX 77027
(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)
Code V Amount (A) or (D) Price
common stock, par value $0.0024  2/23/2021    M    451  A $0.00  860548  D   

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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit  $0.00  2/23/2021    M        451   2/23/2021   (1) common stock, par value $0.0024  451  $0.00  5319  D   

Explanation of Responses:
(1)  These RSUs do not expire

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Pappas James C
1177 WEST LOOP SOUTH
SUITE 1650
HOUSTON, TX 77027
X



Signatures
James Pappas 2/24/2021
**Signature of Reporting Person Date
Tandy Leather Factory (CE) (USOTC:TLFA)
Historical Stock Chart
From Sep 2021 to Oct 2021 Click Here for more Tandy Leather Factory (CE) Charts.
Tandy Leather Factory (CE) (USOTC:TLFA)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more Tandy Leather Factory (CE) Charts.