SEC Form 4 · accession 0001214659-17-005432
UNIFI INC · UFI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth G Langone
Director
Period of report
Aug 30, 2017
Accepted (ET)
Sep 1, 2017 · 2:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000100726
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 30, 2017 | M | 6,666 | $8.16 | A | 1,109,963 | D | |
| Common StockF2 | holding | — | — | — | 30,000 | I | By wife | |
| Common StockF3 | holding | — | — | — | 130,000 | I | By Invemed Associates LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4,F5 | $8.16 | Aug 30, 2017 | M | 6,666 | D | — | Oct 24, 2017 | Common Stock | 6,666 | 0 | D |
Explanation of responses
- F1Represents shares delivered upon the exercise of a stock option.
- F2The reporting person disclaims beneficial ownership of these securities, and this Form 4 shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F3The reporting person is the principal equity holder and President and CEO of Invemed Associates LLC. Pursuant to Instruction (4)(b)(iv) of Form 4, the reporting person has elected to report as indirectly beneficially owned the entire number of securities beneficially owned by such entity. The reporting person disclaims beneficial ownership of any securities, and any proceeds thereof, that exceed his pecuniary interest therein and/or are not actually distributed to him.
- F4The option was previously reported as covering 20,000 shares of the issuer's common stock at an exercise price of $2.72 per share, but was adjusted to reflect the 1-for-3 reverse stock split that occurred on November 3, 2010.
- F5The option became exercisable in two equal installments on (i) December 16, 2013, the date that the closing price of the issuer's common stock on the New York Stock Exchange was at least $24.00 per share for 30 consecutive trading days, and (ii) March 4, 2015, the date that the closing price of the issuer's common stock on the New York Stock Exchange was at least $30.00 per share for 30 consecutive trading days.