Ashley C. Durbin - Aug 6, 2020 Form 4 Insider Report for CULP INC (CULP)

Role
VP, General Counsel
Signature
Ashley C. Durbin
Stock symbol
CULP
Transactions as of
Aug 6, 2020
Transactions value $
$0
Form type
4
Date filed
8/25/2021, 08:45 AM
Next filing
Jul 26, 2021

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 +2.11K $0.00 2.11K Aug 6, 2020 Common Stock 2.11K $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 time-based restricted stock units could vest at one share of common stock per unit (2,112 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 23, 2023, per the terms of the award agreement.