Teresa Atkins Huffman - Jul 22, 2021 Form 3/A - Amendment Insider Report for CULP INC (CULP)

Role
Senior VP, Human Resources
Signature
/s/ Ashley C. Durbin, Attorney-in-Fact
Stock symbol
CULP
Transactions as of
Jul 22, 2021
Transactions value $
$0
Form type
3/A - Amendment
Date filed
8/22/2022, 04:19 PM
Date Of Original Report
Aug 3, 2021
Next filing
Aug 22, 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
holding CULP Restricted Stock Units Jul 22, 2021 Common Stock 9.56K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Amendment is being filed to add an entry for derivative securities beneficially owned by the reporting person that was inadvertently omitted from the previously reported Table II.
F2 Contingent right to receive issuance of Culp, Inc. common stock.
F3 1/2 of these restricted stock units (3,188 RSUs) could vest and convert into the right to receive one share of common stock per RSU (3,188 total shares of common stock) at the end of three years if the participant remains employed by the company as of such date; the remaining 1/2 of these restricted stock units (3,188 RSUs) could vest at up to 2 shares of common stock per RSU (6,376 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.