SEC Form 4 · accession 0000048287-17-000133
HNI CORP · HNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stanley A Askren
Officer — Chairman, President & CEO · Director
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 3:57 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 | Jun 1, 2017 | A | 451 | $0.00 | A | 204,996 | D | |
| Common Stock | Jun 2, 2017 | M | 11,264 | $10.36 | A | 216,260 | D | |
| Common StockF2,F3 | Jun 2, 2017 | S | 11,264 | $46.005 | D | 204,996 | D | |
| Common Stock | holding | — | — | — | 10,064 | I | Profit Sharing Retirement Plan | |
| Common StockF4 | holding | — | — | — | 657 | I | By Son | |
| Common StockF4 | holding | — | — | — | 657 | I | By Son |
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 | Jun 1, 2017 | M | 11,264 | D | Feb 23, 2013 | Feb 23, 2019 | Common Stock | 11,264 | 78,852 | D |
Explanation of responses
- F1These shares are reinvested dividends acquired by the reporting person under the Corporation's Executive Deferred Compensation Plan.
- F2The transaction reported in this Form 4 was made 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.
- F3The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.00 - $46.01, 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.
- F4Reporting person disclaims beneficial ownership of these shares.