SEC Form 4 · accession 0001404058-18-000005
CULP INC · CULP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Franklin N Saxon
Officer — Chief Executive Officer · Director
Period of report
Jun 12, 2018
Accepted (ET)
Jun 14, 2018 · 6:03 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, 2018 | M | 26,424 | $0.00 | A | 122,337 | D | |
| Common Stock | holding | — | — | — | 275 | 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 12, 2018 | M | 26,424 | D | — | — | Common Stock | 26,424 | 0 | D |
Explanation of responses
- F1Contingent Right to receive issuance of Culp Inc. common stock.
- F2These restricted stock units could earn up to 26,424 shares of common stock over a three year period from May 4, 2015 through April 29, 2018, if the company meets certain criteria as defined in the agreement.