Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Fugal Jay Grant
2. Date of Event Requiring Statement (Month/Day/Year)
03/06/2018
3. Issuer Name and Ticker or Trading Symbol
PROFIRE ENERGY INC [PFIE]
(Last)
(First)
(Middle)
321 SOUTH 1250 WEST SUITE 1
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP of Operations
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

LINDON, UT 84042
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 12,750 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy)   (2) 04/18/2019 Common Stock 15,000 $ 1.37 D  
Employee Stock Option (right to buy)   (3) 05/25/2020 Common Stock 26,667 $ 1.01 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Fugal Jay Grant
321 SOUTH 1250 WEST SUITE 1
LINDON, UT 84042
      VP of Operations  

Signatures

Todd Fugal as attorney-in-fact for Jay G. Fugal 03/15/2018
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Consists of 750 shares of common stock and shares issuable under a restricted stock award (RSA) and restricted stock units ("RSUs"). The RSA includes 2,000 shares of restricted stock granted to the reporting person. 1,000 shares will vest on May 1, 2018, and the remaining shares will vest on May 1, 2019. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock shares that have vested. The RSU's consist of one award of 10,000 RSUs that vest in 20% annual increments on each of the first five anniversaries of March 6, 2018. Each RSU represents the right to receive one share of common stock upon vesting.
(2) The option became exercisable in 20% annual increments on each of the first five anniversaries of April 18, 2013.
(3) The option became exercisable in 33.33% annual increments on each of the first three anniversaries of May 25, 2016.
 
Remarks:
Exhibit List
    Exhibit 24- Power of Attorney

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