SEC Form 4 · accession 0001140361-15-009648
HNI CORP · HNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marco Molinari
Officer — Executive Vice President
Period of report
Feb 27, 2015
Accepted (ET)
Mar 2, 2015 · 4:26 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 27, 2015 | M | 12,742 | $48.66 | A | 45,997 | D | |
| Common StockF1 | Feb 27, 2015 | S | 12,742 | $51.10 | D | 33,255 | D | |
| Common Stock | Feb 27, 2015 | M | 29,901 | $31.98 | A | 63,156 | D | |
| Common StockF2 | Feb 27, 2015 | S | 29,901 | $51.12 | D | 33,255 | D | |
| Common Stock | holding | — | — | — | 3,247 | 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 options (right to buy) | $48.66 | Feb 27, 2015 | M | 12,742 | D | Feb 14, 2011 | Feb 14, 2017 | Common Stock | 12,742 | 0 | D |
| Non-qualifying employee stock options (right to buy) | $31.98 | Feb 27, 2015 | M | 29,901 | D | Feb 16, 2015 | Feb 16, 2021 | Common Stock | 29,901 | 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 $50.82 to $51.55, 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 $50.77 to $51.67, 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.