Boyd Brooks Chumbley - 21 Jul 2022 Form 4 Insider Report for CULP INC (CULP)

Role
President, Upholstery Fabrics
Signature
Kenneth R. Bowling, Attorney-in-Fact
Issuer symbol
CULP
Transactions as of
21 Jul 2022
Net transactions value
-$10,276
Form type
4
Filing time
22 Aug 2022, 18:18:45 UTC
Previous filing
26 Jul 2021
Next filing
22 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CULP Common Stock Options Exercise $0 +6,891 +17% $0.000000 47,926 21 Jul 2022 Direct
transaction CULP Common Stock Tax liability $10,276 -2,015 -4.2% $5.10 45,911 21 Jul 2022 Direct
holding CULP Common Stock 7,806 21 Jul 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 +6,891 +22% $0.000000 38,389 21 Jul 2022 Common Stock 6,891 $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 shares of Culp, Inc. common stock.
F2 These restricted stock units represent the right to receive 6,891 shares of Culp, Inc. common stock based on the company's achievement of certain performance criteria over a three year period from April 29, 2019 through May 1, 2022, and based on the reporting person remaining employed by the company as of the end of a three year vesting period, in each case as described in the award agreement.
F3 Estimated number of shares based on calculation from information provided by 401(k) Plan Administrator.