Franklin N. Saxon - 06 Aug 2023 Form 4 Insider Report for CULP INC (CULP)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
08 Aug 2023, 18:01:17 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Ashley C. Durbin, Attorney-in-Fact

Key filing fact

Franklin N. Saxon filed Form 4 for CULP INC (CULP) on 08 Aug 2023.

Key facts

  • This page summarizes Franklin N. Saxon's Form 4 filing for CULP INC (CULP).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 08 Aug 2023, 18:01.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

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This filing has been restated. Open the amended filing.

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CULP transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+6,812
Change %
+6.4%
Price
$0.000000
Shares after
113,475
Date
06 Aug 2023
Ownership
Direct
Footnotes
F3
CULP holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
275
Date
06 Aug 2023
Ownership
401(k) Plan
Footnotes
F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CULP transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
+6,812
Change %
Price
$0.000000*
Shares after
0
Date
06 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
6,812
Exercise price
$0.000000
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Contingent right to receive issuance of shares of Culp, Inc. common stock.

Footnote F2

These restricted stock units represent the right to receive 6,812 shares of Culp, Inc. common stock based on the reporting person remaining employed or continuing to provide services to the company as an independent contractor as of the end of the three year vesting period as described in the award agreement.

Footnote F3

Includes 3,000 shares owned by Lori Saxon, Mr. Saxon's spouse, in her own name. Mr. Saxon disclaims beneficial ownership of the shares owned by his spouse.

Footnote F4

Estimated based on calculation from information provided by 401(k) Plan Administrator.

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