Daniel K. Frierson - May 25, 2023 Form 4/A - Amendment Insider Report for DIXIE GROUP INC (DXYN)

Role
Chairman of the Board & CEO, Director
Signature
/s/ John F. Henry, Jr., by Power of Attorney for Daniel K. Frierson
Stock symbol
DXYN
Transactions as of
May 25, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
5/30/2023, 03:18 PM
Date Of Original Report
May 26, 2023
Previous filing
Mar 21, 2023
Next filing
Mar 14, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DXYN Employee Stock Option (right to buy) Award $0 +60K $0.00 60K May 25, 2023 Employee Stock Option (right to buy) 60K $1.00 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options have a five year term from the date of grant and must meet a minimum two year holding period and achieve a performance target of $3.00 per share for five consecutive trading days during the term of the option to become exercisable.
F2 Subject to the optionee's right to elect on exercise to take a portion of the stock as Class B Common Stock pro rata to such optionee's then holdings of Class B Common Stock.
F3 Exercise price set at 10% above fair market value as of date of grant.
F4 The original Form 4 filed on May 26, 2023 is being amended by this Form 4 Amendment solely to correct an administrative error, which incorrectly listed 05/25/23 as the Date Exercisable. The correct Date Exercisable is 05/25/25.