Carey Albert P 4/A
4/A · UNIFI INC · Filed Sep 11, 2020
Insider Transaction Report
Form 4/AAmended
UNIFI INCUFI
Carey Albert P
DirectorExecutive Chairman
Transactions
- Award
Common Stock
2019-10-30+25,782→ 35,363 total
Footnotes (2)
- [F1]As previously reported on a Form 4 filed on November 1, 2019 by the reporting person, the reporting person reported his receipt of two separate awards on October 30, 2019 for 25,782 stock units in the aggregate pursuant to the Unifi, Inc. Amended and Restated 2013 Incentive Compensation Plan (the "Plan"). The issuer subsequently determined that the vesting provisions of the awards did not comply with the terms of the Plan because the stock units vested more quickly than the three-year minimum vesting period required by the Plan. Accordingly, the issuer and the reporting person amended the vesting provisions of the awards to comply with the Plan's minimum vesting period requirement. The reporting person is filing this amendment to report the amended vesting provisions of the awards.
- [F2]Represents two separate grants of restricted stock units from the issuer for services as Executive Chairman of the issuer. Each restricted stock unit represents a right to receive one share of the issuer's common stock. The restricted stock units included in each grant vest over a three-year period, with 25% vesting on November 29, 2020, 25% vesting on October 30, 2021 and 50% vesting on October 30, 2022.