SEC Form 4 · accession 0001062993-16-008950
HOOKER FURNISHINGS Corp · HOFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Revington
Officer — President HMI Division
Period of report
Apr 13, 2016
Accepted (ET)
Apr 14, 2016 · 11:15 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 | holding | — | — | — | 55,251 | 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 | 3,143 | A | — | — | Common Stock | 3,143 | 3,143 | 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 a share of HOFT common stock on the date payment is made), or both.