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: Bridges Marshall H (SVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-23	Common Stock	M	3255	$31.98	Acquired	25362.193	Direct
2020-11-23	Common Stock	S	3255	$37.55	Disposed	22107.193	Direct
2020-11-23	Common Stock	M	3166	$31.98	Acquired	25273.193	Direct
2020-11-23	Common Stock	S	3166	$37.55	Disposed	22107.193	Direct
2020-11-23	Common Stock	M	4674	$25.46	Acquired	26781.193	Direct
2020-11-23	Common Stock	S	100	$36.87	Disposed	26681.193	Direct
2020-11-23	Common Stock	S	4574	$37.55	Disposed	22107.193	Direct
2020-11-24	Common Stock	M	344	$31.98	Acquired	22451.193	Direct
2020-11-24	Common Stock	M	334	$31.98	Acquired	22785.193	Direct
2020-11-24	Common Stock	M	1186	$25.46	Acquired	24167.914	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	3255	Disposed	2021-02-16	Common Stock (3255.0)	Direct
2020-11-23	Non-qualifying employee stock option (right to buy)	$31.98	M	3166	Disposed	2021-02-16	Common (3166.0)	Direct
2020-11-23	Non-qualifying employee stock options (right to buy)	$25.46	M	4674	Disposed	2022-02-15	Common Stock (4674.0)	Direct
2020-11-24	Non-qualifying employee stock options (right to buy)	$31.98	M	344	Disposed	2021-02-16	Common Stock (344.0)	Direct
2020-11-24	Non-qualifying employee stock option (right to buy)	$31.98	M	334	Disposed	2021-02-16	Common (334.0)	Direct
2020-11-24	Non-qualifying employee stock options (right to buy)	$25.46	M	1186	Disposed	2022-02-15	Common Stock (1186.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1145.36	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 $37.16 - $37.74, 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 $37.01 - $37.755, 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 dollar amount in column 4 is a result of multiple trades at the same price. 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 this price.

F5: The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.02 - $37.74, 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 196.721 shares acquired under HNI Corporation Member's Stock Purchase Plan.