SEC Form 4 · accession 0001140361-15-011053
HNI CORP · HNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven M Bradford
Officer — VP, Gen. Counsel & Sec.
Period of report
Mar 9, 2015
Accepted (ET)
Mar 10, 2015 · 12:42 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 StockF2 | Mar 9, 2015 | M | 7,184 | $10.36 | A | 29,466 | D | |
| Common StockF1 | Mar 9, 2015 | S | 7,184 | $50.84 | D | 22,282 | D | |
| Common Stock | holding | — | — | — | 953 | 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) | $10.36 | Mar 9, 2015 | M | 7,184 | D | Feb 23, 2013 | Feb 23, 2019 | Common Stock | 17,184 | 10,000 | 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 $50.60 to $51.10, 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.
- F2An interim grant of 579 shares was made to the reporting person on March 2, 2015 under the HNI Corporation Supplemental Income Plan for which no Form 4 is required.