Robert George Culp IV - Jul 21, 2022 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 21, 2022
Transactions value $
$0
Form type
4
Date filed
8/22/2022, 05:42 PM
Previous filing
Jul 8, 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 +8.52K +3.7% $0.00 239K Jul 21, 2022 Direct
holding CULP Common Stock 29.5K Jul 21, 2022 401(k) Plan F3
holding CULP Common Stock 1.74K Jul 21, 2022 By Anna S. Culp Irrevocable Trust F4
holding CULP Common Stock 1.74K Jul 21, 2022 By Robert G. Culp, IV Irrevocable Trust F5

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 +8.52K +12.43% $0.00 77K Jul 21, 2022 Common Stock 8.52K $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 received 8,518 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.
F4 These shares are held of record by CIBC National Trust Company in a trust for the benefit of Reporting Person's daughter. The Reporting Person is the sole trustee for this trust, and the Reporting Person has sole voting, dispositive, and investment power with respect to these shares.
F5 These shares are held of record by CIBC National Trust Company in a trust for the benefit of the Reporting Person's son. The Reporting Person is the sole trustee for this trust, and the Reporting Person has sole voting, dispositive, and investment power with respect to these shares.