SEC Form 4 · accession 0001140361-16-062490
HNI CORP · HNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley D Determan
Officer — Executive Vice President
Period of report
Apr 26, 2016
Accepted (ET)
Apr 28, 2016 · 7:04 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 | Apr 26, 2016 | M | 48,092 | $25.46 | A | 77,694 | D | |
| Common StockF1 | Apr 26, 2016 | S | 48,092 | $43.66 | D | 29,602 | D | |
| Common StockF2 | holding | — | — | — | 5,262 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy) | $25.46 | Apr 26, 2016 | M | 48,092 | A | Feb 15, 2016 | Feb 15, 2022 | Common Stock | 48,092 | 0 | D |
Explanation of responses
- F1The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.39 to $43.87, inclusive. The reporting person undertakes to provide to 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 (1) to this Form 4.
- F2These shares were acquired under the HNI Corporation Profit-Sharing Retirement Plan. The information is as of April 26, 2016.