SEC Form 4 · accession 0000029332-17-000070
DIXIE GROUP INC · DXYN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David E Hobbs
Officer — VP - Pres Masland Contract
Period of report
May 30, 2017
Accepted (ET)
May 31, 2017 · 4:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000029332
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $3 par value | holding | — | — | — | 6,140 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $4.17 | May 30, 2017 | A | 15,000 | A | May 30, 2019 | May 30, 2022 | Common Stock, $3 par value | 15,000 | 15,000 | D |
Explanation of responses
- F1The terms of the options, as set by the Compensation Committee of the Board of Directors of the Company, provide that the options must meet a performance target of $7.00 per share for a period of five consecutive trading days, following an initial two year term, to vest and become exercisable.