SEC Form 4 · accession 0001404058-16-000061
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
Jul 14, 2016
Accepted (ET)
Jul 18, 2016 · 4:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000723603
Table I — non-derivative securities
No Table I lines on this filing.
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 | Jul 14, 2016 | A | 9,833 | A | — | — | Common Stock | 19,667 | 9,833 | D |
Explanation of responses
- F1Contingent right to receive issuance of Culp, Inc. common stock.
- F2These restricted stock units could vest up to a maximum of 2 shares of common stock per unit (19,667 shares of common stock) over a three year period from May 2, 2016 through April 28, 2019, if the company achieves certain performance criteria as defined in the award agreement.