Culp (CULP) Form 3 CULP / Mary Elizabeth Hunsberger 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^*

Hunsberger Mary Elizabeth

(Last) (First) (Middle)

1823 EASTCHESTER DRIVE

(Street)

HIGH POINT NC 27265

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/27/2024

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President, Upholstery Fabrics

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)
Common Stock	10,000	I	IRA

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
Restricted Stock Units(1)	(2)	(2)	Common Stock	39,355(2)	0	D

Explanation of Responses:

1. Contingent right to issuance of Culp, Inc. common stock.

2. Consists of 29,516 restricted stock units (RSUs), of which 14,758 RSUs vest and convert into the right to receive one share of common stock per RSU (14,758 total shares of common stock) on or about July 10, 2026, if the participant remains employed by the company as of such date; the remaining 14,758 RSUs could vest and convert into the right to receive up to a maximum of 24,597 total shares of common stock if the company achieves certain performance criteria over a three-year performance period beginning May 1, 2023, and ending May 3, 2026, per the terms of the award agreement.

	Mary Elizabeth Hunsberger	08/05/2024
	** 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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