Robert George Culp IV - Jul 22, 2021 Form 4 Insider Report for CULP INC (CULP)

Role
President and CEO, Director
Signature
/s/ Ashley C. Durbin, Attorney-in-Fact
Stock symbol
CULP
Transactions as of
Jul 22, 2021
Transactions value $
$0
Form type
4
Date filed
7/26/2021, 04:13 PM
Next filing
Jan 20, 2022

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 Award $0 +33.9K $0.00 33.9K Jul 22, 2021 Common Stock 67.8K $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 All of these restricted stock units (33,898 RSUs) could vest and convert into the right to receive up to two shares of common stock per RSU (67,797 total shares of common stock) if the company achieves certain performance criteria over a three year period beginning May 3, 2021 and ending April 28, 2024 per the terms of the award agreement.