Ashley C. Durbin - Jul 21, 2022 Form 4 Insider Report for CULP INC (CULP)

Role
VP, General Counsel
Signature
Ashley C. Durbin
Stock symbol
CULP
Transactions as of
Jul 21, 2022
Transactions value $
$0
Form type
4
Date filed
8/22/2022, 02:52 PM
Previous filing
Jul 14, 2022
Next filing
Aug 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CULP Common Stock Options Exercise $0 +599 +44.21% $0.00 1.95K Jul 21, 2022 Direct
holding CULP Common Stock 11.1K Jul 21, 2022 401(k) Plan F3

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 +599 +7.34% $0.00 8.76K Jul 21, 2022 Common Stock 599 $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 599 shares of Culp, Inc. common stock based on the reporting person remaining employed by the company as of the end of a three year vesting period, as described in the award agreement.
F3 Estimated number of shares based on calculation from information provided by 401(k) Plan administrator.