SEC Form 4 · accession 0001404058-17-000048
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
Jul 13, 2017
Accepted (ET)
Jul 17, 2017 · 4:32 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 13, 2017 | A | 7,191 | A | — | — | Common Stock | 14,382 | 7,191 | D |
Explanation of responses
- F1Contingent right to receive issuance of common stock.
- F2These restricted stock units could vest up to a maximum of 2 shares of common stock per unit (14,382 shares of common stock) over a three year period from May 1, 2017 through May 3, 2020, if the company achieves certain performance criteria as defined in the award agreement.