SEC Form 4 · accession 0000048287-18-000097
HNI CORP · HNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt A Tjaden
Officer — SVP HNI; President HNI Intl
Period of report
Apr 4, 2018
Accepted (ET)
Apr 6, 2018 · 6:53 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 Stock | Apr 4, 2018 | M | 4,000 | $23.99 | A | 43,634 | D | |
| Common StockF2 | Apr 4, 2018 | S | 4,000 | $36.00 | D | 39,634 | D | |
| Common Stock | Apr 5, 2018 | M | 4,000 | $31.98 | A | 43,634 | D | |
| Common StockF3 | Apr 5, 2018 | S | 4,000 | $36.837 | D | 39,634 | D | |
| Common Stock | holding | — | — | — | 1,171 | I | Profit-Sharing Retirement Plan |
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) | $23.99 | Apr 4, 2018 | M | 4,000 | D | Feb 17, 2014 | Feb 17, 2020 | Common Stock | 4,000 | 1,419 | D |
| Non-qualifying employee stock option (right to buy) | $31.98 | Apr 5, 2018 | M | 4,000 | D | Feb 16, 2015 | Feb 16, 2021 | Common Stock | 4,000 | 26,412 | 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.
- F2The 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.
- F3The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.55 - $37.00, 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.