SEC Form 4 · accession 0001404058-16-000052
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
Jun 14, 2016
Accepted (ET)
Jun 16, 2016 · 3:30 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 Stock | Jun 14, 2016 | M | 4,620 | $0.00 | A | 30,399 | D | |
| Common Stock | Jun 14, 2016 | F | 1,534 | $28.77 | D | 28,865 | D | |
| Common Stock | holding | — | — | — | 4,621 | 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 UnitsF1,F2 | $0.00 | Jun 14, 2016 | M | 4,620 | D | — | — | Common Stock | 4,620 | 0 | D |
Explanation of responses
- F1Contingent right to receive issuance of Culp, Inc. common stock.
- F2These restricted stock units could earn up to 13,385 shares of common stock over a three year period from April 29, 2013 through May 1, 2016, if the company meets certain performance criteria as defined in the award agreement.