SEC Form 4 · accession 0001404058-18-000020
CULP INC · CULP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth R Bowling
Officer — Chief Financial Officer
Period of report
Aug 2, 2018
Accepted (ET)
Sep 18, 2018 · 12:20 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 | Aug 2, 2018 | A | 6,312 | A | — | — | Common Stock | 12,624 | 6,312 | D |
Explanation of responses
- F1Contingent right to receive issuance of Culp Inc. common stock.
- F2These restricted stock units vest up to a maximum of 2 shares of common stock per unit (12,624 shares of common stock) over a three year period from April 30, 2018 through May 2, 2021, if the company achieves certain performance and market criteria as defined in the award agreement.