Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN 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
OMB APPROVAL
OMB Number: 3235-0362
Expires: January 31, 2005
Estimated average burden hours per response... 1.0

1. Name and Address of Reporting Person *
Kane Paul James
2. Issuer Name and Ticker or Trading Symbol
Omega Flex, Inc. [OFLX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP - Finance
(Last)
(First)
(Middle)

1085 NICOLE DRIVE
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2013
(Street)


NEWTOWN SQUARE, PA 19073
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Reporting
(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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom stock (1) $ 0 (2) 03/05/2007   A4 454   03/05/2011 03/05/2011 Common stock
454
$ 0 454
D
 
Phantom stock $ 0 03/06/2008   A4 1,269   03/06/2012 03/06/2012 Common stock
1,269
$ 0 1,723
D
 
Phantom stock $ 0 02/20/2009   A4 1,601   02/20/2013 02/20/2013 Common stock
1,601
$ 0 3,324
D
 
Phantom stock $ 0 03/03/2010   A4 1,500   03/03/2014 03/03/2014 Common stock
1,500
$ 0 4,824
D
 
Phantom stock $ 0 03/03/2011   A4 1,500   03/03/2015 03/03/2015 Common stock
1,500
$ 0 6,324
D
 
Phantom stock $ 0 03/05/2011   M4   454 03/05/2011 03/05/2011 Common stock
454
$ 12.95 5,870
D
 
Phantom stock $ 0 02/16/2012   A4 1,500   02/16/2016 02/16/2016 Common stock
1,500
$ 0 7,370
D
 
Phantom stock $ 0 03/06/2012   M4   1,269 03/06/2012 03/06/2012 Common stock
1,269
$ 13.1 6,101
D
 
Phantom stock $ 0 02/20/2013   M4   1,601 02/20/2013 02/20/2013 Common stock
1,601
$ 14.8 4,500
D
 
Phantom stock $ 0 04/03/2013   A4 1,500   04/03/2017 04/03/2017 Common stock
1,500
$ 0 6,000
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Kane Paul James
1085 NICOLE DRIVE
NEWTOWN SQUARE, PA 19073
      VP - Finance  

Signatures

Timothy P Scanlan / by POA 01/09/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) All phantom stock units are only exercisable for cash.
(2) Conversion is one-for-one.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.