CULP INC — Director's Dealing 2011

Apr 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CULP INC (CFI)
CIK: 0000723603
Period of Report: 2011-04-15

Reporting Person: CULP ROBERT GEORGE IV (President, Culp Home Fashions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-15	Common Stock	M	12000	$4.52	Acquired	79557	Direct
2011-04-15	Common Stock	F	8209	$9.02	Disposed	71348	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-15	Incentive Stock Option (Right to Buy)	$4.52	M	12000	Disposed	2011-06-13	Common Stock (12000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3490	Indirect

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: This price represents the option price pertaining to the acquisition of the company's common stock and in connection with the stock option exercise disclosed in Table II.