Bassett John E Iii Form 4 BASSETT FURNITURE INDUSTRIES / JOHN E BASSETT III ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BASSETT JOHN E III

(Last) (First) (Middle)

BASSETT FURNITURE INDUSTRIES INC

3525 FAIRYSTONE PARK HWY

(Street)

BASSETT VA 24055

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BASSETT FURNITURE INDUSTRIES INC [ BSET ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Senior Vice President, Wood

3. Date of Earliest Transaction (Month/Day/Year)
07/05/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common	07/05/2017		M		53	A	$8.02(3)	38,357.4659(1)	D
Common	07/05/2017		S		28	D	$40	38,329.4659(1)	D
Common	07/06/2017		M		5,947	A	$8.02(3)	44,276.4659(1)	D
Common	07/06/2017		S		3,102	D	$40	41,174.4659(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option(2)	$8.02	07/05/2017		M		53		07/13/2013	07/12/2021	Common	53	$8.02	1,947	D
Option(2)	$8.02	07/06/2017		M		1,947		07/13/2013	07/12/2021	Common	1,947	$8.02	0	D
Option(2)	$8.02	07/06/2017		M		2,000		07/13/2014	07/12/2021	Common	2,000	$8.02	0	D
Option(2)	$8.02	07/06/2017		M		2,000		07/13/2015	07/12/2021	Common	2,000	$8.02	0	D

Explanation of Responses:

1. Includes shares acquired under the 2000 & 2017 Employee Stock Purchase Plans in transactions exempt under Rule 16b-3(c).

2. Granted under the 2010 Stock Incentive Plan which is a Rule 16-B3 Plan.

3. Corresponds to the exercise price of the stock options.

	John E Bassett III	07/07/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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