SEC Form 4 · accession 0000029332-17-000077
DIXIE GROUP INC · DXYN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel K Frierson
Officer — Chairman of the Board & CEO · Director
Period of report
May 30, 2017
Accepted (ET)
May 31, 2017 · 4:27 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 |
|---|---|---|---|---|---|---|---|---|
| Class B Common Stock, $3 par valueF1 | May 30, 2017 | C | 10,956 | $0.00 | D | 515,161 | D | |
| Common Stock, $3 par valueF1 | May 30, 2017 | C | 10,956 | $0.00 | A | 27,332 | D | |
| Common Stock, $3 par value | May 30, 2017 | G | 10,956 | $0.00 | D | 16,376 | D | |
| Class B Common Stock, $3 par value | holding | — | — | — | 5,486 | I | by Self as Trustee | |
| Class B Common Stock, $3 par value | holding | — | — | — | 94,879 | I | by Spouse |
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)F2 | $4.59 | May 30, 2017 | A | 40,000 | A | May 30, 2019 | May 30, 2022 | Common Stock, $3 par value | 40,000 | 40,000 | D |
| Employee Stock Option (right to buy) | $5.00 | holding | — | — | — | Nov 4, 2011 | Nov 4, 2019 | Common Stock, $3 par value | 50,000 | 50,000 | D |
Explanation of responses
- F1Represents a conversion of Class B Common Stock to Common Stock.
- F2The 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.