SEC Form 4 · accession 0001404058-17-000037
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
Period of report
Jun 12, 2017
Accepted (ET)
Jun 14, 2017 · 3:00 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 12, 2017 | M | 24,481 | $0.00 | A | 125,775 | D | |
| Common StockF3 | holding | — | — | — | 1,072,651 | I | Family Trust | |
| Common Stock | holding | — | — | — | 16,863 | I | Spousal |
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 12, 2017 | M | 24,481 | D | — | — | Common Stock | 24,481 | 0 | D |
Explanation of responses
- F1Contingent right to receive issuance of Culp Inc. common stock.
- F2These restricted stock units could earn up to 24,481 shares of common stock over a three year period from April 28, 2014 through April 30, 2017 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.