SEC Form 4 · accession 0001140361-15-008932
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
Feb 24, 2015
Accepted (ET)
Feb 25, 2015 · 4:22 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 | Feb 24, 2015 | M | 25,590 | $31.69 | A | 167,683 | D | |
| Common StockF1 | Feb 24, 2015 | S | 25,590 | $51.19 | D | 142,093 | D | |
| Common Stock | Feb 24, 2015 | M | 37,844 | $31.69 | A | 179,937 | D | |
| Common StockF2 | Feb 24, 2015 | S | 37,844 | $51.55 | D | 142,093 | D | |
| Common Stock | holding | — | — | — | 40,000 | I | By grantor retained annuity trust | |
| Common Stock | holding | — | — | — | 10,688 | 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) | $31.69 | Feb 24, 2015 | M | 25,590 | D | Feb 13, 2012 | Feb 13, 2018 | Common Stock | 63,434 | 37,844 | D |
| Non-qualifying employee stock option (right to buy) | $31.69 | Feb 24, 2015 | M | 37,844 | D | Feb 13, 2012 | Feb 13, 2018 | Common Stock | 37,844 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.00 to $51.31, 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 footnote (1) to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.32 to $52.31, 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 footnote (2) to this Form 4.