Susan B. Frampton - Jun 1, 2023 Form 4 Insider Report for KIMBALL INTERNATIONAL INC (KBAL)

Role
Director
Signature
Mark W. Johnson, Attorney-in-Fact
Stock symbol
KBAL
Transactions as of
Jun 1, 2023
Transactions value $
$0
Form type
4
Date filed
6/1/2023, 02:00 PM
Previous filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KBAL CLASS B COMMON STOCK Disposed to Issuer -55.3K -100% 0 Jun 1, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Susan B. Frampton is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Includes 116.8599 shares acquired under the Kimball International Dividend Reinvestment Plan.
F2 On June 1, 2023, pursuant to the Agreement and Plan of Merger, dated as of March 7, 2023 (the "Merger Agreement"), by and among Kimball International, Inc. ("Kimball"), HNI Corporation ("HNI") and Ozark Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into Kimball (the "Merger"), with Kimball surviving the Merger as a wholly-owned subsidiary of HNI.
F3 Pursuant to the Merger Agreement, each share of Kimball common stock issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive (A) $9.00 in cash, without interest (the "Cash Consideration"), and (B) 0.1301 (the "Exchange Ratio") of a share of HNI common stock, par value $1.00. On May 31, 2023 (the last full trading day prior to the Merger), the closing price of one share of HNI common stock was $25.50.