Boyd Brooks Chumbley - 15 Jun 2021 Form 4 Insider Report for CULP INC (CULP)

Role
President, Upholstery Fabric
Signature
Kenneth R. Bowling, Attorney-in-Fact
Issuer symbol
CULP
Transactions as of
15 Jun 2021
Net transactions value
-$25,727
Form type
4
Filing time
17 Jun 2021, 16:34:57 UTC
Previous filing
24 Jun 2021
Next filing
26 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CULP Common Stock Options Exercise $0 +5,051 +13% $0.000000 42,559 15 Jun 2021 Direct
transaction CULP Common Stock Tax liability $25,727 -1,501 -3.5% $17.14 41,058 15 Jun 2021 Direct
holding CULP Common Stock 7,806 15 Jun 2021 401(k) Plan

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 CULP Restricted Stock Units Options Exercise $0 +5,051 $0.000000* 0 15 Jun 2021 Common Stock 5,051 $0.000000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Contingent right to receive issuance of Culp, Inc. common stock
F2 These restricted stock units represent the right to receive 5,051 shares of Culp, Inc. common stock based on the Company's achievement of certain performance criteria over a three year period from April 30, 2018 through May 2, 2021, as described in the award agreement.