Sec Form 4 Filing - Carey Albert P @ UNIFI INC - 2020-05-01

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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1. Name and Address of Reporting Person Carey Albert P 2. Issuer Name and Ticker or Trading Symbol UNIFI INC [ UFI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Executive Chairman (Last) (First) (Middle) 700 ANDERSON HILL ROAD 3. Date of Earliest Transaction (MM/DD/YY) 05/01/2020 (Street) PURCHASE, NY10577 4. If Amendment, Date Original Filed (MM/DD/YY) 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 Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Employee Stock Option (Right to Buy) $ 11.74 05/01/2020 A 100,000 05/01/2020 05/01/2030 Common Stock 100,000 $ 0 100,000 D Employee Stock Option (Right to Buy) $ 11.74 05/01/2020 A 100,000 ( 1 ) 05/01/2030 Common Stock 100,000 $ 0 200,000 D Employee Stock Option (Right to Buy) $ 11.74 05/01/2020 A 100,000 ( 2 ) 05/01/2030 Common Stock 100,000 $ 0 300,000 D Employee Stock Option (Right to Buy) $ 11.74 05/01/2020 A 233,000 ( 3 ) 05/01/2030 Common Stock 233,000 $ 0 533,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Carey Albert P 700 ANDERSON HILL ROAD PURCHASE, NY10577 X Executive Chairman Signatures /s/ Gregory K. Sigmon, attorney-in-fact 05/05/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The option vests and becomes exercisable on the third anniversary of the date of grant, subject only to the reporting person's continued employment through the vesting date. ( 2 )The option vests and becomes exercisable, if at all, on the fourth anniversary of the date of grant, if the closing market price of the issuer's common stock is $40 or more per share for any 10 consecutive trading days during the period beginning as of the date of grant and ending on such vesting date, or, if such target price requirement is not satisfied by such vesting date, then the option vests and becomes exercisable if the closing market price of the issuer's common stock is $50 or more per share for any 10 consecutive trading days during the period beginning as of the fourth anniversary of the date of grant and ending on the fifth anniversary of the date of grant, provided, in each case, the reporting person remains in service through the vesting date. ( 3 )The option vests and becomes exercisable, if at all, on the fifth anniversary of the date of grant, if the closing market price of the issuer's common stock is $50 or more per share for any 10 consecutive trading days during the period beginning as of the date of grant and ending on such vesting date, provided the reporting person remains in service through the vesting 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 4(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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