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

Role
President, Upholstery Fabric
Signature
Kenneth R. Bowling, Attorney-in-Fact
Stock symbol
CULP
Transactions as of
Jun 15, 2021
Transactions value $
-$25,727
Form type
4
Date filed
6/17/2021, 04:34 PM
Previous filing
Jun 24, 2021
Next filing
Jul 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CULP Common Stock Options Exercise $0 +5.05K +13.47% $0.00 42.6K Jun 15, 2021 Direct
transaction CULP Common Stock Tax liability -$25.7K -1.5K -3.53% $17.14 41.1K Jun 15, 2021 Direct
holding CULP Common Stock 7.81K Jun 15, 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 +5.05K $0.00* 0 Jun 15, 2021 Common Stock 5.05K $0.00 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.