Kenneth R. Bowling - 06 Aug 2023 Form 4/A - Amendment Insider Report for CULP INC (CULP)

Signature
/s/ Ashley C. Durbin, Attorney-in-Fact
Issuer symbol
CULP
Transactions as of
06 Aug 2023
Net transactions value
-$36,515
Form type
4/A - Amendment
Filing time
09 Aug 2023, 16:06:06 UTC
Date Of Original Report
08 Aug 2023
Previous filing
22 Aug 2022
Next filing
02 Oct 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CULP Common Stock Options Exercise $0 +17,357 +100% $0.000000 34,679 06 Aug 2023 Direct F4
transaction CULP Common Stock Tax liability $36,515 -6,440 -19% $5.67 28,239 06 Aug 2023 Direct F4
holding CULP Common Stock 18,170 06 Aug 2023 401(k) Plan 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 -17,357 -32% $0.000000 36,393 06 Aug 2023 Common Stock 17,357 $0.000000 Direct F1, F2, F3
* 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 This Amendment is being filed to correct an inadvertent error in the previously reported Table II - "Number of Derivative Securities Acquired (A) or Disposed of (D)" - to reflect that the derivative securities were disposed of (rather than acquired).
F3 These restricted stock units represent the right to receive 17,357 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.
F4 This Amendment is being filed to correct an error in the previously reported Table I - "Amount of Securities Beneficially Owned Followed Reported Transactions" - relating to the number of securities beneficially owned after each of the two transactions reported in such previously reported table.
F5 Estimated number of shares based on calculation from information provided by 401(k) Plan Administrator.