SEC Form 4 · accession 0001404058-15-000025
CULP INC · CULP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert George Culp IV
Officer — President, Culp Home Fashions
Period of report
Jul 15, 2015
Accepted (ET)
Jul 16, 2015 · 4:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000723603
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Jul 15, 2015 | A | 6,597 | A | — | — | Common Stock | 13,194 | 6,597 | D |
Explanation of responses
- F1Contingent right to receive issuance of Culp, Inc. common stock.
- F2These restricted stock units could vest up to a maximum of 2 shares of common stock per unit (13,194 shares of common stock) over a threee year period from May 4, 2015 through April 29,2018, if our mattress fabrics division obtains certain performance criteria as defined in the award agreement.