Thomas Bernard Gallagher Jr. - 06 Aug 2020 Form 4 Insider Report for CULP INC (CULP)

Role
Principal Accounting Officer
Signature
/s/ Ashley C. Durbin, Attorney-in-Fact
Issuer symbol
CULP
Transactions as of
06 Aug 2020
Net transactions value
$0
Form type
4
Filing time
25 Aug 2021, 08:33:14 UTC
Next filing
26 Jul 2021
SEC
View on sec.gov

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 +1,500 $0.000000 1,500 06 Aug 2020 Common Stock 1,500 $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 time-based restricted stock units could vest at one share of common stock per unit (1,500 total shares) if the recipient remains employed by the company at the end of the three-year vesting period beginning August 6, 2020 and ending August 6, 2023, per the terms of the award agreement.