SEC Form 4 · accession 0001404058-15-000017
CULP INC · CULP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert G Culp III
Officer — Chairman of the Board · Director · 10% Owner
Period of report
Jun 18, 2015
Accepted (ET)
Jun 22, 2015 · 3:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000723603
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 18, 2015 | M | 34,320 | $0.00 | A | 149,058 | D | |
| Common StockF3 | holding | — | — | — | 1,248,427 | I | 401(k) Plan | |
| Common Stock | holding | — | — | — | 16,863 | I | Spousal | |
| Common Stock | holding | — | — | — | 24,638 | I | 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitesF1,F2 | $0.00 | Jul 11, 2012 | M | 34,320 | D | — | — | Common Stock | 34,120 | 0 | D |
Explanation of responses
- F1Contingent right to receive issuance of Culp, Inc. common stock.
- F2These restricted stock units could earn up to 34,320 shares of common stock over a three-year period From April 30, 2012 through May 3, 2015, if the company obtains certain performance criteria as defined in the award agreement.
- F3Shares held of record by Atlantic Trust for the benefit of Robert G. Culp, III, Judith C. Walker, and Harry R. Culp, all of which shares Robert G. Culp, III has the right to vote and jointly (with Atlantic Trust) has the right to invest.