SEC Form 4 · accession 0001062993-16-008941
HOOKER FURNISHINGS Corp · HOFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael W Delgatti
Officer — President
Period of report
Apr 13, 2016
Accepted (ET)
Apr 14, 2016 · 10:49 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001077688
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 13, 2016 | A | 2,898 | $0.00 | A | 26,978 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (RSUs)F1,F2,F3 | — | Apr 13, 2016 | A | 2,357 | A | — | — | Common Stock | 2,357 | 2,357 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive one share of HOFT common stock.
- F2The RSUs will vest 100% if the reporting person remains continuously employed with the issuer through April 13, 2019 and will be paid as soon as administratively practical thereafter.
- F3At the discretion of the issuer's compensation committee, the RSUs may be paid in shares of HOFT common stock, cash (based on the fair market value of the share of HOFT common stock on the date payment is made), or both.