Amendment: Director Nie Zenon S received a gift of 15,103 shares, was granted 20,294 shares and gifted 15,103 shares, increasing direct ownership by 9% to 60,294 units (SEC Form 4)
$CRWS
Textiles
Consumer Discretionary
| FORM 4 |
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 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||
| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
CROWN CRAFTS INC [ CRWS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
|
3. Date of Earliest Transaction
(Month/Day/Year) 08/14/2024 | ||||||||||||||||||||||||||
|
4. If Amendment, Date of Original Filed
(Month/Day/Year) 08/16/2024 |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 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(1) | 08/14/2024 | G | 15,103 | D | $0 | 40,000 | D | |||
| Common Stock(1) | 08/14/2024 | G | 15,103 | A | $0 | 189,214 | I | By spouse | ||
| Common Stock(2) | 08/15/2024 | A | 20,294(3) | A | $0 | 60,294(4) | 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 (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 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 (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (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: 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 | ||||||||
| Explanation of Responses: |
| 1. This transaction involved the gift of securities from the Reporting Person to his spouse, who shares the Reporting Person's household. |
| 2. Restricted stock grant pursuant to Issuer's 2021 Incentive Plan, vesting on the earlier of: (1) August 15, 2025 or (ii) the date immediately preceding the date of the Issuer's 2025 Annual Meeting of Stockholders. |
| 3. This amendment is being filed to report the correct amounts in connection with a transaction reported on the Reporting Person's Form 4 originally filed on August 16, 2024. The Form 4 originally filed on August 16, 2024 inadvertently reported 15,221 Shares of the Issuer's Common Stock acquired in the Reported Transaction. The corrected quantity is 20,294 Shares of the Issuer's Common Stock acquired in the Reported Transaction. |
| 4. This amendment is being filed to report the correct amounts in connection with a transaction reported on the Reporting Person's Form 4 originally filed on August 16, 2024. As a result of the reporting on the Form 4 filed on August 16, 2024 of the incorrect quantity of Shares of the Issuer's Common Stock as having been acquired in the Reported Transaction, the Form 4 filed on August 16, 2024 incorrectly reported 55,221 Shares of the Issuer's Securities Beneficially Owned Following the Reported Transaction. The corrected quantity is 60,294 Shares of the Issuer's Securities Beneficially Owned Following the Reported Transaction. The Reporting Person has not undertaken to amend any Form 4 that may have been filed subsequent to the filing date of the original Form 4 and the filing date of this amended Form 4 to correct the quantity of Shares of the Issuer's Securities Beneficially Owned Following the Reported Transaction(s) reported on any such subsequent Form(s) 4. |
| /s/ Daniel W. Miller, on behalf of Zenon S. Nie | 08/21/2024 | |
| ** Signature of Reporting Person | 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||