SEC Form 4 · accession 0001404058-17-000003
CULP INC · CULP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Franklin N Saxon
Officer — Chief Executive Officer
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 4:47 pm EST
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 | Mar 7, 2017 | M | 50,000 | $8.75 | A | 135,033 | D | |
| Common Stock | Mar 7, 2017 | F | 15,193 | $33.15 | D | 119,840 | D | |
| Common Stock | holding | — | — | — | 264 | 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 7, 2017 | M | 50,000 | D | Jun 25, 2012 | Jun 25, 2017 | Common Stock | 50,000 | 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).