I seem to recall seeing an ultimate 12" Kevin Flynn on the packaging of other figures. Also seem to recall seeing them on Ebay selling for a lot of money.

Does this item exist, and does anyone have a picture of it if it does?

No, I could have sworn it was a large spin master toy.

I always thought they made 12" figures for Sam, Clu, and Flynn. The problem is that I don't know what the back of the box looks like for the 12" figures. I don't have any of those right now, but that's about to be rectified.

I guess it doesn't exist. That's cool for me. It's one less item I am missing

Yeah, apparently Clu's katana is harder to find than Sam's. I felt lucky to get both.

Later boxes do have a sticker marking the katana off the packaging. It makes me wonder what the deal was, if the katana was originally going to have a bigger piece in the movie (I think quorra is the only one who utilizes it and it's just for a second.)

I thought it was Sam w/katana that was more rare. I always watched for them at stores because I knew folks here were looking for them, and at one store their entire stock of Ultimate Clu had the katanas, but somebody told me that was pretty common. (Or maybe I'm misremembering and it was the Sams I saw with it. Either way, whichever one I saw wasn't a big deal.)