SEC Form 4 · accession 0001404058-15-000035
CULP INC · CULP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth R Bowling
Officer — Chief Financial Officer
Period of report
Sep 29, 2015
Accepted (ET)
Oct 1, 2015 · 12:30 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 StockF2 | Sep 29, 2015 | M | 5,500 | $8.75 | A | 10,183 | D | |
| Common StockF3 | Sep 29, 2015 | M | 5,500 | $31.28 | D | 4,683 | D | |
| Common Stock | holding | — | — | — | 3,368 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (Right to Buy)F1 | $8.75 | Sep 29, 2015 | M | 5,500 | D | Jun 25, 2012 | Jun 25, 2017 | Common Stock | 5,500 | 0 | D |
Explanation of responses
- F1Employee stock option (right to buy) granted pursuant to the Culp, Inc. 2007 Equity Incentive Plan in reliance upon exemption provided by Rule 16b-3(d).
- F2The price represents the option price pertaining to the acquisition of the company's common stock in connection with the stock option exercise disclosed in Table II.
- F3Open market sale pursuant to a 10b5-1 trading plan effective September 29, 2015 for the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.