CULP INC — Director's Dealing 2011

Sep 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CULP INC (CFI)
CIK: 0000723603
Period of Report: 2011-09-22

Reporting Person: FLAVIN PATRICK B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-22	Common Stock	M	1875	$7.27	Acquired	16213	Direct
2011-09-22	Common Stock	M	2000	$4.59	Acquired	18213	Direct
2011-09-22	Common Stock	M	2000	$5.41	Acquired	20213	Direct
2011-09-22	Common Stock	M	2000	$5.56	Acquired	22213	Direct
2011-09-22	Common Stock	M	2000	$5.79	Acquired	24213	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-22	Incentive Stock Option (Right to buy)	$7.27	M	1875	Disposed	2014-09-30	Common Stock (1875)	Direct
2011-09-22	Incentive Stock Option (Right to buy)	$4.59	M	2000	Disposed	2015-10-02	Common Stock (2000)	Direct
2011-09-22	Incentive Stock Option (right to buy)	$5.41	M	2000	Disposed	2016-10-01	Common Stock (2000)	Direct
2011-09-22	Incentive Stock Option (right to buy)	$5.56	M	2000	Disposed	2018-09-30	Common Stock (2000)	Direct
2011-09-22	Incentive Stock Option (right to buy)	$5.79	M	2000	Disposed	2019-09-30	Common Stock (2000)	Direct

Footnotes

F1: Employee stock option (right to buy) pursuant to the Culp, Inc. 2002 Stock Option Plan in reliance upon exemption provided by Rule 16b - 3(d).

F2: Employee stock option (right to buy) pursuant to the Culp, Inc. 2007 Equity Incentive Plan in reliance upon exemption provided by Rule 16b - 3(d).