CULP INC — Director's Dealing 2021

Jul 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CULP INC (CULP)
CIK: 0000723603
Period of Report: 2021-07-22

Reporting Person: CULP ROBERT GEORGE IV (Director, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-22	Restricted Stock Units	$0	A	33898	Acquired		Common Stock (67797)	Direct

Footnotes

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

F2: All of these restricted stock units (33,898 RSUs) could vest and convert into the right to receive up to two shares of common stock per RSU (67,797 total shares of common stock) if the company achieves certain performance criteria over a three year period beginning May 3, 2021 and ending April 28, 2024 per the terms of the award agreement.