SEC Form 4 · accession 0000048287-17-000198
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
Dec 5, 2017
Accepted (ET)
Dec 7, 2017 · 6:31 pm EST
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 Stock | Dec 5, 2017 | M | 4,762 | $10.36 | A | 214,750 | D | |
| Common Stock | Dec 5, 2017 | S | 3,052 | $33.828 | D | 211,698 | D | |
| Common Stock | Dec 6, 2017 | M | 4,762 | $10.36 | A | 216,460 | D | |
| Common StockF3 | Dec 6, 2017 | S | 3,059 | $33.486 | D | 213,401 | 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 | Dec 5, 2017 | M | 4,762 | D | Feb 23, 2013 | Feb 23, 2019 | Common Stock | 4,762 | 28,566 | D |
| Non-qualifying employee stock option (right to buy) | $10.36 | Dec 6, 2017 | M | 4,762 | D | Feb 23, 2013 | Feb 23, 2019 | Common Stock | 4,762 | 23,804 | D |
Explanation of responses
- F1The sale was effected pursuant to a Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended, and HNI's policies regarding stock transactions, including its insider trading policy.
- F2Reflects the sale to cover exercise price of, and taxes related to, cashless exercise of stock options.
- F3The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.45 - $33.54, 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.