SEC Form 4 · accession 0000048287-18-000159
HNI CORP · HNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vincent P Berger
Officer — President, HHT; EVP, HNI Corp
Period of report
Jun 15, 2018
Accepted (ET)
Jun 19, 2018 · 2:27 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 | Jun 15, 2018 | M | 8,739 | $23.99 | A | 15,652 | D | |
| Common StockF2 | Jun 15, 2018 | S | 8,024 | $38.457 | D | 7,628 | D | |
| Common StockF3,F4,F5 | Jun 15, 2018 | S | 715 | $39.082 | D | 6,924 | D | |
| Common Stock | holding | — | — | — | 727 | 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) | $23.99 | Jun 15, 2018 | M | 8,739 | D | Feb 17, 2014 | Feb 17, 2020 | Common Stock | 8,739 | 0 | 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 $38.00 - $38.95, 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 price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.00 - $39.24, 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.
- F4The total in column 5 includes 5.705 shares acquired under the HNI Corporation Members' Stock Purchase Plan.
- F5The total in column 5 includes reinvested dividends of 5.888.