SEC Form 4 · accession 0001404058-16-000044
CULP INC · CULP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Boyd Brooks Chumbley
Officer — Executive VP Upholstery Fabric
Period of report
Mar 10, 2016
Accepted (ET)
Mar 17, 2016 · 1:53 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 | Mar 10, 2016 | M | 5,000 | $8.75 | A | 19,736 | D | |
| Common StockF3 | Mar 10, 2016 | M | 3,000 | $25.11 | D | 16,736 | D | |
| Common StockF3 | Mar 11, 2016 | M | 500 | $26.00 | D | 16,236 | D | |
| Common Stock | holding | — | — | — | 13,094 | 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 | Mar 10, 2016 | M | 3,000 | D | Jun 25, 2012 | Jun 25, 2017 | Common stock | 3,000 | 2,000 | D |
| Incentive Stock Option (Right to Buy)F1 | $8.75 | Mar 10, 2016 | M | 500 | D | Jun 25, 2012 | Jun 25, 2017 | Common Stock | 500 | 1,500 | D |
| Incentive Stock Option (Right to Buy)F1 | $8.75 | Mar 10, 2016 | M | 1,500 | D | Jun 25, 2012 | Jun 25, 2017 | Common Stock | 1,500 | 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).
- F2This price represents the option 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 December 4, 2015 for the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.