Edgar Filing: CULP INC

Ownership Submission

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â CHUMBLEY BOYD BROOKS

2. Date of Event Requiring Statement (Month/Day/Year)
01/20/2016

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

(Last)

(First)

(Middle)

1823 EASTCHESTER DRIVE

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

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Executive VP Upholstery Fabric

5. If Amendment, Date Original Filed(Month/Day/Year)
03/16/2016

(Street)

HIGH POINT,Â NCÂ 27265

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

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	18,236	D	Â
Common Stock	11,018	I	401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Incentive Stock Option (Right to Buy) ⁽¹⁾	06/25/2012	06/25/2017	Common Stock	5,000	$ 8.75	D	Â
Restricted Stock Units ⁽²⁾	Â ⁽³⁾	Â ⁽³⁾	Common Stock	11,923	$ 0	D	Â
Restricted Stock Units ⁽²⁾	Â ⁽⁴⁾	Â ⁽⁴⁾	Common Stock	15,838	$ 0	D	Â
Restricted Stock Units ⁽²⁾	Â ⁽⁵⁾	Â ⁽⁵⁾	Common Stock	10,185	$ 0	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CHUMBLEY BOYD BROOKS 1823 EASTCHESTER DRIVE HIGH POINT,Â NCÂ 27265	Â	Â	Â Executive VP Upholstery Fabric	Â

Signatures

/s/Kenneth R. Bowling, Attorney-In-Fact		07/06/2016
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Employee stock option (right to buy) granted pursuant to the Culp, Inc. 2007 Equity Incentive Plan in reliance upon exemption provided by Rule 16b-3(d).
(2)	Contingent right to receive issuance of Culp Inc. common stock.
(3)	These restricted stock units could earn up to 11,923 shares of common stock over a three year period from April 29, 2013 through May 1, 2016, if the company meets certain performance criteria as defined in the award agreement.
(4)	These restricted stock units could earn up to 15,838 shares of common stock over a three year period from April 28, 2014 through April 30, 2017, if the company meets certain performance criteria as defined in the award agreement.
(5)	The restricted stock units could earn up to 10,185 shares of common stock over a three year period from May 4, 2015 through April 29, 2018, if the company meets certain performance criteria as defined in the agreement.

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