Hongjun Ning Form 3 UNIFI / Hongjun Ning ownership change

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Ning Hongjun

(Last) (First) (Middle)

7201 WEST FRIENDLY AVENUE

(Street)

GREENSBORO NC 27410

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/28/2019

3. Issuer Name and Ticker or Trading Symbol
UNIFI INC [ UFI ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
VP, Asia

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	(1)	10/26/2026	Common Stock	5,000	29.09	D
Restricted Stock Units	(2)	(2)	Common Stock	3,772	0	D

Explanation of Responses:

1. The option became exercisable as to 1,667 shares on October 26 of each of 2017 and 2018 and becomes exercisable as to 1,666 shares on October 26, 2019.

2. Each restricted stock unit is the economic equivalent of one share of the issuer's common stock. The restricted stock units vest over a three-year period, with 25% vesting on January 28, 2020, 25% vesting on January 28, 2021 and 50% vesting on January 28, 2022, and, pursuant to the terms of the grant, will be settled in cash.

Remarks:

Exhibit List: 24 - Power of Attorney

	/s/ Gregory K. Sigmon, attorney-in-fact	09/06/2019
	** 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 5 (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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