SEC Form 4 · accession 0000048287-18-000155
HNI CORP · HNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stanley A Askren
Officer — Chairman & CEO · Director
Period of report
Jun 4, 2018
Accepted (ET)
Jun 6, 2018 · 11:25 am 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 | Jun 4, 2018 | M | 32,712 | $23.99 | A | 264,028 | D | |
| Common StockF2,F3,F4 | Jun 4, 2018 | S | 32,712 | $36.639 | D | 232,124 | D | |
| Common Stock | holding | — | — | — | 10,492 | 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 | Jun 4, 2018 | M | 32,712 | A | Feb 17, 2014 | Feb 17, 2020 | Common Stock | 32,712 | 143,773 | 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 price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.47 - $37.28, 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 total in column 5 includes reinvested dividends of 656.9508 shares acquired by the reporting person under the Corporation's Executive Deferred Compensation Plan on June 1, 2018.
- F4The total reported in column 5 includes 150.601 shares acquired under the HNI Corporation Members' Stock Purchase Plan.