CULP INC — Director's Dealing 2019

Jul 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CULP INC (CULP)
CIK: 0000723603
Period of Report: 2019-07-18

Reporting Person: SAXON FRANKLIN N (Director, Chairman & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-18	Restricted Stock Units	$0	A	27042	Acquired		Common Stock (54083)	Direct

Footnotes

F1: Contingent right to receive issuance of Culp, Inc. common stock.

F2: These restricted stock units could vest up to a maximum of 2 shares of common stock per unit (54,083 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.