Filing Details

Accession Number:
0000921895-24-002147
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-09-19 18:48:01
Reporting Period:
2024-09-17
Accepted Time:
2024-09-19 18:48:01
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
723603 Culp Inc CULP Broadwoven Fabric Mills, Cotton (2211) 561001967
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1640809 22Nw Fund, Lp 590 1St Ave. S
Unit C1
Seattle WA 98104
No No Yes No
1694297 22Nw, Lp 590 1St Ave. S
Unit C1
Seattle WA 98104
No No Yes No
1770436 R. Aron English 590 1St Ave. S
Unit C1
Seattle WA 98104
No No Yes No
1770575 22Nw Fund Gp, Llc 590 1St Ave. S
Unit C1
Seattle WA 98104
No No Yes No
1783663 22Nw Gp, Inc. 590 1St Ave. S
Unit C1
Seattle WA 98104
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2024-09-17 102,484 $5.85 1,456,827 No 4 P Indirect By: 22NW Fund, LP
Common Stock Acquisiton 2024-09-18 32,321 $6.10 1,489,148 No 4 P Indirect By: 22NW Fund, LP
Common Stock Acquisiton 2024-09-19 105,242 $6.31 1,594,390 No 4 P Indirect By: 22NW Fund, LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By: 22NW Fund, LP
No 4 P Indirect By: 22NW Fund, LP
No 4 P Indirect By: 22NW Fund, LP
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,450 Direct
Footnotes
  1. This Form 4 is filed jointly by 22NW Fund, LP ("22NW Fund"), 22NW, LP ("22NW"), 22NW Fund GP, LLC ("22NW GP"), 22NW GP, Inc. ("22NW Inc.") and Aron English (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
  2. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.7100 to $6.0000, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  3. Securities owned directly by 22NW Fund. As the investment manager to 22NW Fund, 22NW may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW Fund, 22NW GP may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW, 22NW Inc. may be deemed to beneficially own the securities owned directly by 22NW Fund. Mr. English, as the Portfolio Manager of 22NW, Manager of 22NW GP and President and sole shareholder of 22NW Inc., may be deemed to beneficially own the securities owned directly by 22NW Fund.
  4. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.9450 to $6.1800, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  5. Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.0700 to $6.3500, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.