Sec Form 4 Filing - Yates Kristin L @ HNI CORP - 2020-08-10

Insider filing report for Changes in Beneficial Ownership
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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
Yates Kristin L
2. Issuer Name and Ticker or Trading Symbol
HNI CORP [ HNI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President, Allsteel Inc.
(Last) (First) (Middle)
600 EAST SECOND STREET
3. Date of Earliest Transaction (MM/DD/YY)
08/10/2020
(Street)
MUSCATINE, IA52761
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
Common Stock 08/10/2020 M( 1 ) 2,322 A $ 0 11,519.314 D
Common Stock 08/10/2020 F( 2 ) 705 D $ 30.96 10,844.311 ( 3 ) D
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
Restricted Stock Units $ 0 ( 4 ) 08/10/2020 M( 1 ) 2,322 08/07/2020( 5 ) ( 5 ) Common Stock 2,322 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Yates Kristin L
600 EAST SECOND STREET
MUSCATINE, IA52761
President, Allsteel Inc.
Signatures
/s/ Steven M. Bradford, By Power or Attorney 08/12/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the conversion upon vesting of Restricted Stock Units into Common Stock. On August 7, 2018, the reporting person was granted 4,645 Restricted Stock Units ("2018 Grant") that were previously reported on Table II of Form 3, which form was filed with the SEC on July 10, 2019. The first installment of the Restricted Stock Units vested on August 7, 2019, and were reported on Table I on August 9, 2019. The remainder vested on August 7, 2020, which are being reported now in this Table I.
( 2 )The reporting person is reporting the withholding by the Issuer of an aggregate of 705 shares of Common Stock that vested on August 7, 2020 pursuant to the 2018 Grant, but were not issued in order to satisfy the reporting person's tax withholding obligations in connection with the delivery of the converted Common Stock to the reporting person as of August 7, 2020.
( 3 )The total in column 5 includes reinvested dividends of 29.997 shares.
( 4 )Each restricted stock unit represents a contingent right to receive one share of Issuer's Common Stock.
( 5 )On August 7, 2018, the reporting person was granted 4,645 Restricted Stock Units, vesting in equal installments on each of the first two anniversaries of the grant date of the 2018 Grant. The first installment converted on August 7, 2019, and was reported on Table I on August 9, 2019. The second installment into which such vested Restricted Units converted on August 7, 2020, is reported on Table I of this Form 4. The 2018 Grant is now completely vested and converted.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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