UNIFI INC — Director's Dealing 2020

May 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIFI INC (UFI)
CIK: 0000100726
Period of Report: 2020-05-01

Reporting Person: Carey Albert P (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-01	Employee Stock Option (Right to Buy)	$11.74	A	100000	Acquired	2030-05-01	Common Stock (100000)	Direct
2020-05-01	Employee Stock Option (Right to Buy)	$11.74	A	100000	Acquired	2030-05-01	Common Stock (100000)	Direct
2020-05-01	Employee Stock Option (Right to Buy)	$11.74	A	100000	Acquired	2030-05-01	Common Stock (100000)	Direct
2020-05-01	Employee Stock Option (Right to Buy)	$11.74	A	233000	Acquired	2030-05-01	Common Stock (233000)	Direct

Footnotes

F1: The option vests and becomes exercisable on the third anniversary of the date of grant, subject only to the reporting person's continued employment through the vesting date.

F2: The option vests and becomes exercisable, if at all, on the fourth anniversary of the date of grant, if the closing market price of the issuer's common stock is $40 or more per share for any 10 consecutive trading days during the period beginning as of the date of grant and ending on such vesting date, or, if such target price requirement is not satisfied by such vesting date, then the option vests and becomes exercisable if the closing market price of the issuer's common stock is $50 or more per share for any 10 consecutive trading days during the period beginning as of the fourth anniversary of the date of grant and ending on the fifth anniversary of the date of grant, provided, in each case, the reporting person remains in service through the vesting date.

F3: The option vests and becomes exercisable, if at all, on the fifth anniversary of the date of grant, if the closing market price of the issuer's common stock is $50 or more per share for any 10 consecutive trading days during the period beginning as of the date of grant and ending on such vesting date, provided the reporting person remains in service through the vesting date.