Durbin Ashley Carter 4
4 · CULP INC · Filed Jul 22, 2019
Insider Transaction Report
Form 4
CULP INCCULP
Durbin Ashley Carter
VP, General Counsel
Transactions
- Award
Restricted Stock Units
2019-07-18+1,198→ 1,198 totalExercise: $0.00→ Common Stock (1,797 underlying)
Footnotes (2)
- [F1]Contingent right to receive issuance of Culp, Inc. common stock.
- [F2]1/2 of these restricted stock units (599 RSUs) vest and convert into the right to receive one share of common stock per RSU (599 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 (599 RSUs) could vest up to 2 shares of common stock (1,198 total shares of common stock) if the company achieves certain performance criteria over a three year period beginning April 29, 2019 and ending May 1, 2022, per the terms of the award agreement.