SEC Form 4/A · accession 0001404058-15-000039
CULP INC · CULP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Kenneth R Bowling
Officer — Chief Financial Officer
Period of report
Sep 29, 2015
Accepted (ET)
Oct 1, 2015 · 3:19 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 attached in Table II.
- F3Open market sale pursuant to a 10b5-1 trading plan adopted June 29, 2015 for the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The original Form 4 filed on October 1, 2015 disclosed the date of September 29, 2015, in which trading could commence. The purpose of this amendment is also to disclose the adoption date of the Reporting Person's 10b5-1 trading plan of June 29, 2015.