SEC Form 4 · accession 0001140361-16-067134
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
May 23, 2016
Accepted (ET)
May 25, 2016 · 5:41 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,F4 | May 23, 2016 | M | 46,360 | $25.46 | A | 81,302 | D | |
| Common StockF1,F2,F4 | May 23, 2016 | S | 36,500 | $43.103 | D | 44,802 | D | |
| Common StockF5,F2,F4 | May 23, 2016 | S | 9,860 | $43.328 | D | 34,942 | D | |
| Common StockF3 | holding | — | — | — | 3,027 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy) | $25.46 | May 23, 2016 | M | 46,360 | A | Feb 15, 2016 | Feb 15, 2022 | Common Stock | 46,360 | 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 42.31 to 43.30, 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.
- F2Total number of shares has been adjusted to reflect the inadvertent overstatement of 26.4408 shares carried over from a prior report due to a scrivener error.
- F3These shares were acquired under the HNI Corporation Profit-Sharing Retirement Plan. The information is as of May 23, 2016.
- F4An interim grant of 849 shares was made to the reporting person on February 29, 2016 under the HNI Corporation Supplemental Income Plan for which no Form 4 is required.
- F5The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 43.31 to 43.39, 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 (5) to this Form 4.