SEC Form 4 · accession 0001404058-16-000053
CULP INC · CULP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert G Culp III
Officer — Chairman of the Board · Director · 10% Owner
Period of report
Jun 14, 2016
Accepted (ET)
Jun 16, 2016 · 3:51 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 | 9,086 | $0.00 | A | 158,144 | D | |
| Common StockF3 | holding | — | — | — | 1,148,427 | I | Family Trust | |
| Common Stock | holding | — | — | — | 16,863 | I | Spousal | |
| Common Stock | holding | — | — | — | 25,048 | 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 | 9,086 | D | — | — | Common Stock | 9,086 | 0 | D |
Explanation of responses
- F1Contingent right to receive issuance of Culp, Inc. common stock.
- F2These restricted stock units could earn up to 20,712 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 agreement.
- F3Shares held of record by Atlantic Trust for the benefit of Robert G. Culp, III, Judith C. Walker, and Harry R. Culp, all of which shares Robert G. Culp, III has the right to vote and jointly (with Atlantic Trust) has the right to invest.