CULP INC — Director's Dealing 2011

May 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CULP INC (CFI)
CIK: 0000723603
Period of Report: 2011-05-19

Reporting Person: ASEN R SCOTT (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-19	Common Stock	P	4392	$8.90	Acquired	100000	Indirect
2011-05-19	Common Stock	P	200	$8.92	Acquired	1312400	Direct
2011-05-19	Common Stock	P	600	$8.93	Acquired	1313000	Direct
2011-05-19	Common Stock	P	300	$8.95	Acquired	1313300	Direct
2011-05-20	Common Stock	P	100	$8.90	Acquired	1313400	Direct
2011-05-20	Common Stock	P	500	$8.91	Acquired	1313900	Direct
2011-05-20	Common Stock	P	1040	$8.92	Acquired	1314940	Direct
2011-05-20	Common Stock	P	600	$8.929	Acquired	1315540	Direct
2011-05-20	Common Stock	P	2205	$8.93	Acquired	1317745	Direct
2011-05-20	Common Stock	P	3955	$8.95	Acquired	1321700	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	160000	Indirect

Footnotes

F1: The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.