SEC Form 4 · accession 0000048287-17-000082
HNI CORP · HNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven M Bradford
Officer — Sr. VP, Gen. Counsel & Sec.
Period of report
Mar 20, 2017
Accepted (ET)
Mar 22, 2017 · 2:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000048287
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 20, 2017 | M | 10,000 | $10.36 | A | 35,469 | D | |
| Common StockF2,F3 | Mar 20, 2017 | S | 9,000 | $45.772 | D | 26,469 | D | |
| Common StockF3,F4 | Mar 20, 2017 | S | 1,000 | $46.95 | D | 25,469 | D | |
| Common Stock | Mar 20, 2017 | M | 21,745 | $23.99 | A | 47,214 | D | |
| Common StockF3,F5 | Mar 20, 2017 | S | 21,745 | $45.305 | D | 25,469 | D | |
| Common Stock | holding | — | — | — | 1,146 | I | Profit-Sharing Retirement |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualifying employee stock option (right to buy) | $10.36 | Mar 20, 2017 | M | 10,000 | D | Feb 23, 2013 | Feb 23, 2019 | Common Stock | 10,000 | 0 | D |
| Non-qualifying employee stock option (right to buy) | $23.99 | Mar 20, 2017 | M | 21,745 | D | Feb 17, 2014 | Feb 17, 2020 | Common Stock | 21,745 | 0 | D |
Explanation of responses
- F1An interim grant of 1,041 shares was made to the reporting person on February 28, 2017, under the HNI Corporation Supplemental Income Plan for which no Form 4 is required.
- F2The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.50 - $46.45, inclusive. The reporting person undertakes to provide HNI Corporation, any security holder of HNI Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- F3The sale was effected pursuant to a Rule 10b5-1 trading plan, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and HNI's policies regarding stock transactions, including its insider trading policy.
- F4The dollar amount in column 4 is a result of multiple trades at the same price. The reporting person undertakes to provide HNI Corporation, any security holder of HNI Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at this price.
- F5The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.00 - $45.67, inclusive. The reporting person undertakes to provide HNI Corporation, any security holder of HNI Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.