HNI CORP — Director's Dealing 2020

Nov 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HNI CORP (HNI)
CIK: 0000048287
Period of Report: 2020-11-23

Reporting Person: Lorenger Jeffrey D (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-23	Common Stock	M	24696	$31.98	Acquired	94829.393	Direct
2020-11-23	Common Stock	S	1500	$36.89	Disposed	93329.393	Direct
2020-11-23	Common Stock	S	23196	$37.52	Disposed	70133.393	Direct
2020-11-23	Common Stock	M	36977	$25.46	Acquired	107110.393	Direct
2020-11-23	Common Stock	S	4380	$36.86	Disposed	102730.393	Direct
2020-11-23	Common Stock	S	32597	$37.54	Disposed	70133.393	Direct
2020-11-24	Common Stock	M	2029	$31.98	Acquired	72162.393	Direct
2020-11-24	Common Stock	M	7090	$25.46	Acquired	79263.265	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-23	Non-qualifying employee stock options (right to buy)	$31.98	M	24696	Disposed	2021-02-16	Common Stock (24696.0)	Direct
2020-11-23	Non-qualifying employee stock options (right to buy)	$25.46	M	36977	Disposed	2022-02-15	Common Stock (36977.0)	Direct
2020-11-24	Non-qualifying employee stock options (right to buy)	$31.98	M	2029	Disposed	2021-02-16	Common Stock (2029.0)	Direct
2020-11-24	Non-qualifying employee stock options (right to buy)	$25.46	M	7090	Disposed	2022-02-15	Common Stock (7090.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5628.719	Indirect

Footnotes

F1: The sale was effected pursuant to a Rule 10b5-1 trading plan, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and HNI's policies regarding stock transactions, including its insider trading policy.

F2: The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.76 - $36.95, inclusive. The reporting person undertakes to provide HNI Corporation, any security holder of HNI Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

F3: The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.00 - $37.77, inclusive. The reporting person undertakes to provide HNI Corporation, any security holder of HNI Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

F4: The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.78 - $36.95, inclusive. The reporting person undertakes to provide HNI Corporation, any security holder of HNI Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

F5: The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.01 - $37.79, inclusive. The reporting person undertakes to provide HNI Corporation, any security holder of HNI Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

F6: This is an exercise and hold transaction. This transaction is the second in a two step transaction initiated on November 23, 2020 under a 10b5-1 plan where options were exercised and shares sold to cover taxes and expenses.

F7: The total in column 5 includes reinvested dividends of 10.872 shares.