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June 16, 2009
 
Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Mailstop 3561
Washington, D.C.  20549-3561
Attention:  H. Christopher Owings, Assistant Director
 
Re:           Culp, Inc.
Form 10-K for the Fiscal Year Ended April 27, 2008, filed July 10, 2008
Form 10-Q for the Fiscal Quarter Ended February 1, 2009, filed March 13, 2009
Definitive Proxy Statement on Schedule 14A, filed August 26, 2008
File No. 1-12597
 
Ladies and Gentlemen:
 
We received a letter from the Division of Corporate Finance containing additional comments on the company’s filings with the Commission listed above.  This letter is delivered in response to the first seven of those comments.  We are sending responses on the first seven comments now, and plan to respond to the final two comments (relating to the Definitive Proxy Statement) within ten business days.  The responses below use the same numbering system included in the staff’s letter.
 
Form 10-K for Fiscal Year Ended April 27, 2008
 
Financial Statements, page 53
 
Notes to Consolidated Financial Statements, page 59
 
Asset Acquisition, page 62
 
1.           Comment:
 
Please refer to the second bullet point of comment 7 in our letter dated March 23, 2009.  We read in your response that you assigned no value to the acquired intangible assets including patterns, copyrights, artwork, and other records related to ITG’s mattress fabrics product line because you and ITG manufactured similar products and shared the same customer base.  Based on this response you appear to have determined the fair value for these intangible assets using entity specific assumptions rather than using market participant assumptions.  If you continue to believe that your use of entity specific assumptions is appropriate, please tell us in detail the accounting literature that you relied upon in reaching this conclusion, and better explain to us why you acquired these intangible assets if you believe they have no value.  Otherwise, it appears to us that you should value these assets using market participant assumptions, and since a market participant would not be assumed to manufacture similar products and have the same customer base, we assume that some value would be assigned to these intangible assets.  Please advise.
 
 
 
Culp, Inc.  ■  P.O. Box 2686  ■  1823 Eastchester Drive  ■  High Point, NC 27265  ■  336-889-5161
 
Securities and Exchange Commission
June 16, 2009
Page 2 
__________________________________
 
Response:
 
As disclosed in Note 2 of the consolidated financial statements included in our 2008 Form 10-K, the company acquired certain other intangible assets such as copyrights, customer relationships, patterns, and other records related to ITG’s mattress fabric product line. SFAS No. 141,”Business Combinations”, paragraphs 37(e) and 39 states that other identifiable intangible assets acquired in a business combination will initially be recognized and measured at their fair values. As a result of this accounting literature defined in SFAS No. 141, paragraphs 37(e) and 39, these intangible assets were initially recognized and assigned a fair value of $100,380, before the proportionate allocation of the excess of the fair value of the assets acquired over the cost of the acquired entity. The fair value of these intangible assets was determined using cash flow valuation techniques to determine an amount at which the asset would be bought or sold in a transaction between willing parties, that is, in other than a forced liquidation sale. In connection with the allocation of the excess of the fair value of the assets acquired over the cost of the acquired entity, the fair value of the other intangible assets totaling $100,380 was not deemed significant to separately identify.
 
11.  Income Taxes, page 72
 
2.           Comment:
 
Regarding bullet point three, in future filings, please ensure you discuss the reasons for the variations in the line item “tax effects of Canadian foreign exchange loss,” as it is unclear to us from your current disclosures why this item would have had a greater impact on 2008 than on prior years.
 
Response:
 
The tax effects of the Canadian foreign exchange gain or loss is due to the fluctuation of the Canadian foreign exchange rate in relation to the U.S. dollar on our U.S. denominated account balances in which income taxes are paid in Canadian dollars. The Canadian foreign exchange rate in relation to the U.S. dollar was more volatile in fiscal 2008 in relation to consolidated pre-tax income (loss) levels compared with fiscal 2007 and 2006. We will disclose and discuss the reasons for the variations in the line item “tax effects of Canadian foreign exchange loss” in future filings.
 
2
 
Securities and Exchange Commission
June 16, 2009
Page 3
__________________________________
 
14.  Stock-Based Compensation, page 77
 
3.           Comment:
 
We note your response to comment 11 in our letter dated March 23, 2009 and have the following additional comments:
 
 
●
We read in your response that stock options granted to employees in fiscal 2008 had a vesting period of two years as compared to four years in fiscal 2007.  Given this statement, it is unclear to us how the expected term for stock options granted to employees as disclosed on page 77 for fiscal years 2008 and 2007 complies with the guidance in Question 3 of SAB Topic 14.D.2 and the related guidance in paragraph A28(a) of SFAS 123R.  Also apply this comment to your expected term for fiscal 2006.  Please advise or revise as necessary
 
 
●
We read in your response that you calculated volatility for non-executive employees based on a three year period, which was calculated as the two year vesting period plus the 1.1 year expected term.  Based on this statement you appear to be using a different definition of “expected term” in paragraph A27 of SFAS 123R, and advise or revise.
 
 
●
As indicated in paragraph A32(a) of SFAS 123R and Question 2 of SAB Topic 14.D.1, under the Black-Scholes model, volatility should be calculated over a period commensurate with the expected term of the option.  It is unclear to us that you have calculated volatility over an appropriate term.  Additionally, given your historical stock volatility, it appears to us that your volatility percentage would be higher than 38.59%.  Please refer to the above bullet points and SFAS 123R and make all necessary revisions to your expected volatility for all periods presented in your Form 10-K.  In your response, provide us with your calculation supporting the volatility percentage that you use for 2008.
 
 
●
If you make changes to your expected term or your expected volatility based on the above bullet points, please show us what your new assumptions are for each presented in your Form 10-K and provide us with your analysis of whether an amendment is needed to your Form 10-K to revise your financial statements and/or your disclosures in Note 14.
 
Response:
 
First Bullet Point
 
SFAS No. 123 (revised), paragraph A28 (a), states that the expected term must at least include the vesting period. Stock options granted in fiscal 2008 had an original vesting period totaling 2 years with 50% of the options granted vesting each year for 2 years. Stock options granted in fiscal 2007 had a vesting period totaling 4 years with 25% of the options granted vesting each year for 4 years. The expected term disclosed in Note 14 of the 2008 consolidated financial statements was 1.1 years and 1.6 years for fiscal 2008 and 2007, respectively. The 1.1 years and 1.6 years represent the period after each incremental vesting date in which the vested stock option is expected to be exercised. For example, stock options granted (for non-executive employees) in fiscal 2008 are expected to be exercised 2.1 years after the grant date for 50% of the options that are fully vested in year 1 and 3.1 years after the grant date for 50% of the options that are fully vested in year 2.
 
3
 
Securities and Exchange Commission
June 16, 2009
Page 4
__________________________________
 
As a result, the expected term used to calculate stock-based compensation expense does include the vesting period as defined in SFAS No. 123 (revised), paragraph A28 (a) and reflects the period from inception date until the date the option is expected to be exercised as defined in SFAS No. 123 (revised), paragraph A27. However, we will expand our disclosures in our stock-based compensation footnote in future filings to disclose not only the total vesting period but also disclose the percentage of stock options that vest for each year during the total vesting period. Also, we will expand our disclosures in our stock-based compensation footnote in future filings to disclose the range of the expected terms to reflect the incremental vesting periods for the respective stock option grant and meet the definition of “expected term” as defined by SFAS No. 123 (revised) paragraph A27. For example, the expected term to be disclosed for fiscal 2008 would be a range from 2.1 years to 3.1 years and for fiscal 2007 would be a range from 2.6 years to 5 years.
 
Stock options granted in fiscal 2006 had a vesting period totaling 4 years with 25% of the options granted vesting each year for 4 years. The expected term disclosed in Note 14 of the 2008 consolidated financial statements was 3.5 years for fiscal 2006. The 3.5 years represents the weighted average expected term from the date of grant through the expiration date of 5 years after date of grant. As a result, we will expand our disclosures in our stock-based compensation footnote in future filings to disclose not only the total vesting period but also disclose the percentage of stock options that vest for each year during the total vesting period. Also, we will expand our disclosures in our stock-based compensation footnote in future filings to disclose the range of the expected terms to reflect the incremental vesting periods for the respective stock option grant and meet the definition of “expected term” as defined by SFAS No. 123 (revised) paragraph A27. It should be noted that SFAS No. 123 (revised) was not effective until fiscal 2007. As a result, stock-based compensation was not required to be recorded in the consolidated financial statements for fiscal 2006.
 
Second Bullet Point
 
SFAS No. 123 (revised), paragraph A27 states that the expected term of an employee share option or similar instrument is the period of time for which the instrument is expected to be outstanding (that is, the period of time from the service inception date to the date of expected exercise or other expected settlement). As noted above, the expected term disclosed in Note 14 of the 2008 consolidated financial statements was 1.1 years and 1.6 years for fiscal 2008 and 2007, respectively. The 1.1 years and 1.6 years represent the period after each incremental vesting date in which the vested stock option is expected to be exercised. For example, stock options granted (for non-executive employees) in fiscal 2008 are expected to be exercised 2.1 years after the grant date for 50% of the options that are fully vested in year 1 and 3.1 years after the grant date for 50% of the options that are fully vested in year 2.
 
4
 
Securities and Exchange Commission
June 16, 2009
Page 5
__________________________________
 
As noted above, we will expand our disclosures in our stock-based compensation footnote in future filings to disclose not only the total vesting period but also disclose the percentage of stock options that vest for each year during the total vesting period. Also, we will expand our disclosures in our stock-based compensation footnote in future filings to disclose the range of the expected terms to reflect the incremental vesting periods for the respective stock option grant and meet the definition of “expected term” as defined by SFAS No. 123 (revised) paragraph A27. For example, the expected term to be disclosed for fiscal 2008 would be a range from 2.1 years to 3.1 years and for fiscal 2007 would be a range from 2.6 years to 5 years.
 
Third and Fourth Bullet Points
 
SFAS No. 123 (revised), paragraph A32 (a) states that the volatility of the share price, including changes in that volatility and possible mean reversion of that volatility, over the most recent period that is generally commensurate with (1) the contractual term of the option if a lattice model is being used to estimate fair value or (2) the expected term of the option if a closed-form model is being used. As a result of this accounting literature, the volatility of 38.9% disclosed in Note 14 of the 2008 consolidated financial statements was determined over a period commensurate with the share option’s expected term of 3 years for option shares granted to non-executive employees in fiscal 2008. As noted above, the expected term of 3 years includes the 2 year vesting period (as defined in SFAS No. 123 (revised) paragraph A28 (a)) plus an estimated period of 1.1 years after the vesting period in which the stock option is expected to be exercised from the vesting date.
 
As noted above, we will expand our stock-based compensation footnote in future filings to disclose not only the total vesting period but also disclose the percentage of stock options that vest for each year during the total vesting period. Also, we will expand our disclosures in our stock-based compensation footnote in future filings to disclose the range of the expected terms to reflect the incremental vesting periods for the respective stock option grant and meet the definition of “expected term” as defined by SFAS No. 123 (revised) paragraph A27. For example, the expected term to be disclosed for fiscal 2008 would be a range from 2.1 years to 3.1 years and for fiscal 2007 would be a range from 2.6 years to 5 years.
 
SFAS No. 123 (revised), paragraph 16, states the fair value of the stock-based compensation awards issued to employees is as of the date of grant and includes pertinent factors including volatility at the date of grant. As noted above and stated in SFAS No. 123 (revised), paragraph A32 (a), volatility is determined over a period commensurate with the expected term of the option. As a result of this accounting literature, the volatility percentages disclosed in Note 14 of the 2008 consolidated financial statements was determined based on a historical period from the date of grant that coincides with the respective share option’s expected term.
 
5
 
Securities and Exchange Commission
June 16, 2009
Page 6
__________________________________
 
In conclusion, no revisions are necessary to our expected volatility percentages for all periods presented in our 2008 Form 10-K. See attached Schedules A and B for our calculations for our volatility percentages used for fiscal 2008 regarding our non-executive employees and executive officers, respectively.
 
Signatures, page 96
 
4.           Comment:
 
We note your response to comment 12 in our letter dated March 23, 2009.  Please confirm that the principal executive officer, principal financial officer and the controller or principal accounting officer signed the Form 10-K in their individual capacities.
 
Response:
 
We confirm that the principal executive officer, principal financial officer and the controller or principal accounting officer signed the Form 10-K in their individual capacities.
 
Form 10-Q for the Period Ending February 1, 2009
 
Financial Statements, page I-1
 
Notes to Financial Statements, page I-5
 
3.  Asset Acquisition – Mattress Fabric Segment, page I-7
 
5.           Comment:
 
We have reviewed your response to comment 17 in our letter dated March 23, 2009.  Your statement that this transaction constituted a business combination because inputs, processes and outputs are all present was not sufficiently detailed to address our concerns, so we are requesting more information.  Please provide us with your detailed analysis of the inputs, processes and outputs that were obtained from your Bodet & Horst acquisition.  Also tell us if and how the transferred set of activities and assets continues normal operations and sustains a revenue stream by providing products to customers.  We note in your pro-forma financial statements in Exhibit 99.3 in your amended Form 8-K filed October 23, 2008, that note (j) of Footnote 3 – Pro forma adjustments states that there are certain revenues and expenses retained by Bodet & Horst for business with customers other than Culp, Inc.  Please explain how you considered the retention of these revenues and expenses by Bodet & Horst when concluding that you had acquired a business as defined by EITF 98-3.
 
6
 
Securities and Exchange Commission
June 16, 2009
Page 7 
__________________________________
 
Response:
 
The company recorded its asset acquisition with Bodet & Horst as a business combination as defined by SFAS No. 141 “Business Combinations”, EITF 98-3 “Determining Whether a Nonmonetary Transaction Involves Receipt of Productive Assets or of a Business”, and Regulation S-X 11-.01(d).
 
SFAS No. 141 addresses the financial accounting standards and reporting for business combinations. Paragraph 9 of this statement defines the scope of this statement and states that a “business combination occurs when an entity acquires net assets that constitute a business.” Paragraph 9 refers to guidance outlined in EITF 98-3 on determining whether an asset group constitutes a business.
 
EITF 98-3, paragraph 6 outlines the guidance used to evaluate whether a business has been received. Paragraph 6 states that “a business is a self-sustaining integrated set of activities and assets conducted and managed for the purpose of providing a return to investors. A business consists of (a) inputs, (b) processes applied to those inputs, and (c) resulting outputs that are used to generate revenues. For a transferred set of activities and assets to be a business, it must contain all of the inputs and processes necessary for it to continue to conduct normal operations after the transferred set is separated from the transferor, which includes the ability to sustain a revenue stream by providing outputs to customers.
 
An evaluation of the necessary elements noted above should consider the following:
 
Inputs
 
Long-Lived Assets
 
As part of this asset acquisition, the company purchased property, plant, and equipment with a fair value of $3.0 million. In addition, the company assumed the lease of the acquired plant facility located in High Point, NC. See Note 3 to the consolidated financial statements as part of the Form 10-Q for the period ended February 1, 2009.
 
Employees
 
The company retained substantially all of the employees who were affiliated with the mattress fabrics operation of Bodet & Horst.
 
7
 
Securities and Exchange Commission
June 16, 2009
Page 8
__________________________________
 
Processes
 
In addition to the inputs acquired above, the manufacturing processes to produce knitted mattress fabric were retained in order to self-sustain normal operations.
 
Outputs
 
As a result of this acquisition, the company has the ability to sell directly to customers in the bedding industry who purchase knitted mattress fabric.
 
EITF 98-3 paragraph 6 further states that “a transferred set of activities and assets fails the definition of a business if it excludes one or more of the above items (i.e. inputs, processes, or outputs) such that it is not possible for the set to continue normal operations and sustain a revenue stream by providing its products and/or services to customers. However, if the excluded item or items are considered only minor of difficulty and the level of investment necessary to obtain access to or to acquire the missing item(s), then the transferred set is capable of continuing normal operations and is a business.” Based on the above evaluation, the transferred set of activities meets the definition of a business as the significant inputs, processes, and outputs were acquired to sustain normal operations.
 
Asset Acquisition-Bodet & Horst (Pro Forma Adjustment)
 
As part of the asset purchase agreement, Bodet & Horst retained the business for one of its customers. Based on the evaluation of the inputs, processes, outputs, and goodwill acquired (see below), the company concluded that it had acquired a business as defined by EITF 98-3.
 
Conclusion
 
Evaluation of Business when Goodwill is Present
 
It should be noted that EITF 98-3, paragraph 6 states that if “goodwill is present in a transferred set of activities and assets, it should be presumed that the excluded items are minor and that the transferred set is a business.” As a result, the company appropriately determined that this transaction constitutes a business combination as goodwill regarding this asset purchase totaled $7.5 million of the consideration paid and liabilities assumed. As a result, there is a presumption that any excluded items would be considered minor and that the transferred set is a business.
 
8
 
Securities and Exchange Commission
June 16, 2009
Page 9
__________________________________
 
Form 8-K Filed March 3, 2009
 
6.           Comment:
 
We note your response to comment 19 in our letter dated March 23, 2009 and have the following additional comments:
 
 
●
In response to our first bullet point, you state that in future filings you will refer to free cash flow as a non-GAAP financial measure or a non-GAAP liquidity measure.  We believe that the best practice is to clearly state whether your non-GAAP measure is used by management as a performance measure or as a liquidity measure.  Therefore, please clearly disclose, if true, that this is a non-GAAP liquidity measure.
 
 
●
We read in your response to our second bullet point that you will disclose in future filings that management uses free cash flow to make operational decisions about your business.  Please explain to us, and revise your disclosure in future filings to better explain to your investors, what operational decisions are made by management based on free cash flow, as your current proposed disclosure of how management uses this non-GAAP measure is overly broad.
 
Response:
 
In future filings, we will disclose that free cash flow is a non-GAAP liquidity measure and that management uses this measure as a liquidity measure.
 
In operating our business, management uses free cash flow to make decisions about what commitments of cash to make for operations, such as capital expenditures (and financing arrangements for these expenditures), purchases of inventory or supplies, SG&A expenditure levels, compensation, and other commitments of cash, while still allowing for adequate cash to meet known future commitments for cash, such as debt repayment.  We will revise our disclosures in future filings to include this information.
 
7.           Comment:
 
We have reviewed your response to comment 21 in our letter dated March 23, 2009 regarding your presentation of the non-GAAP measure income before income taxes excluding restructuring and related charges and impairment charges.  In addition to your proposed revisions to future filings, please disclose the material limitations associated with the use of this non-GAAP measure as compared to the use of the most directly comparable GAAP financial measures.  Also, since you consider this measure a performance and liquidity measure, please prominently present the amounts of all three categories of the statement of cash flows.  Refer to Questions 8 and 12 of our Frequently Asked Questions Regarding the Use of Non-GAAP Financial Measures.
 
9
 
Securities and Exchange Commission
June 16, 2009
Page 10 
__________________________________
 
Response:
 
In addition to the revised disclosure set forth in our previous response, we will disclose that the usefulness of earnings before income taxes excluding restructuring and related charges is limited in that this financial measure does not necessarily indicate the likely future financial results of the company and that the excluded tax and restructuring charges can and do relate to liabilities or charges that reflect reductions in income, future expenditures, or lower values for our assets and business.  Also, we will describe earnings before income taxes excluding restructuring and related charges as a non-GAAP performance measure only, and not as a liquidity measure.  The liquidity aspects of this measure are only derived from the contribution to earnings as the beginning point of the cash flow statement, and upon further consideration we believe that describing it as a liquidity measure and reconciling to the cash flow statement will not aid investors and could lead to confusion.  We will continue to provide a reconciliation to pre-tax earnings, the most directly comparable GAAP financial measure, as described in our previous response.
 
Conclusion
 
The company acknowledges that:
 
●  
the company is responsible for the adequacy and accuracy of the disclosure in the filings;
 
●  
staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filings; and
 
●  
the company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
 
We hope that the company has adequately addressed all of the concerns included in the staff’s letter with respect to the comments addressed in this response letter.  We appreciate your review of these responses.  If you have further comments or any questions about our responses, please contact the undersigned at the address and telephone number listed above.  Thank you for your consideration.
 
 
Sincerely yours,
   
 
Culp, Inc.
   
 
/s/ Kenneth R. Bowling
   
 
Kenneth R. Bowling
 
Chief Financial Officer
   
CC:   Franklin N. Saxon, Chief Executive Officer   
Thomas B. Gallagher Jr., Chief Accounting Officer
  
 
 
10
 
 
Schedule A
                                                                                                                
Culp, Inc. STOCK PRICE VOLATILITY   Page:  1
 
FROM 6/25/2004 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time:  3:55:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
6/25/2007
  
$8.75000
  
2.1691
  
0.0243
  
0.0006
  
6/22/2007
  
$8.54000
  
2.1448
  
-0.0334
  
0.0011
  
6/21/2007
  
$8.83000
  
2.1782
  
0.0475
  
0.0022
  
6/20/2007
  
$8.42000
  
2.1306
  
-0.0886
  
0.0079
  
6/19/2007
  
$9.20000
  
2.2192
  
0.0651
  
0.0042
  
6/18/2007
  
$8.62000
  
2.1541
  
-0.0081
  
0.0001
  
6/15/2007
  
$8.69000
  
2.1622
  
0.0162
  
0.0003
  
6/14/2007
  
$8.55000
  
2.1459
  
0.0285
  
0.0008
  
6/13/2007
  
$8.31000
  
2.1175
  
-0.0226
  
0.0005
  
6/12/2007
  
$8.50000
  
2.1401
  
-0.0426
  
0.0018
  
6/11/2007
  
$8.87000
  
2.1827
  
0.0251
  
0.0006
  
6/8/2007
  
$8.65000
  
2.1576
  
-0.0195
  
0.0004
  
6/7/2007
  
$8.82000
  
2.1770
  
-0.0124
  
0.0002
  
6/6/2007
  
$8.93000
  
2.1894
  
0.0135
  
0.0002
  
6/5/2007
  
$8.81000
  
2.1759
  
-0.0302
  
0.0009
  
6/4/2007
  
$9.08000
  
2.2061
  
0.0055
  
0.0000
  
6/1/2007
  
$9.03000
  
2.2006
  
0.0258
  
0.0007
  
5/31/2007
  
$8.80000
  
2.1748
  
-0.0079
  
0.0001
  
5/30/2007
  
$8.87000
  
2.1827
  
-0.0134
  
0.0002
  
5/29/2007
  
$8.99000
  
2.1961
  
0.0000
  
0.0000
  
5/25/2007
  
$8.99000
  
2.1961
  
0.0328
  
0.0011
  
5/24/2007
  
$8.70000
  
2.1633
  
0.0058
  
0.0000
  
5/23/2007
  
$8.65000
  
2.1576
  
0.0128
  
0.0002
  
5/22/2007
  
$8.54000
  
2.1448
  
0.0130
  
0.0002
  
5/21/2007
  
$8.43000
  
2.1318
  
0.0095
  
0.0001
  
5/18/2007
  
$8.35000
  
2.1223
  
0.0072
  
0.0000
  
5/17/2007
  
$8.29000
  
2.1150
  
-0.0108
  
0.0001
  
5/16/2007
  
$8.38000
  
2.1258
  
-0.0166
  
0.0003
  
5/15/2007
  
$8.52000
  
2.1424
  
-0.0047
  
0.0000
  
5/14/2007
  
$8.56000
  
2.1471
  
-0.0151
  
0.0002
  
5/11/2007
  
$8.69000
  
2.1622
  
0.0058
  
0.0000
  
5/10/2007
  
$8.64000
  
2.1564
  
-0.0508
  
0.0026
  
5/9/2007
  
$9.09000
  
2.2072
  
0.0100
  
0.0001
  
5/8/2007
  
$9.00000
  
2.1972
  
0.0000
  
0.0000
  
5/7/2007
  
$9.00000
  
2.1972
  
0.0000
  
0.0000
  
5/4/2007
  
$9.00000
  
2.1972
  
0.0011
  
0.0000
  
5/3/2007
  
$8.99000
  
2.1961
  
0.0101
  
0.0001
  
5/2/2007
  
$8.90000
  
2.1861
  
0.0056
  
0.0000
  
5/1/2007
  
$8.85000
  
2.1804
  
-0.0168
  
0.0003
  
4/30/2007
  
$9.00000
  
2.1972
  
0.0572
  
0.0032
  
4/27/2007
  
$8.50000
  
2.1401
  
0.0238
  
0.0006
  
4/26/2007
  
$8.30000
  
2.1163
  
0.0060
  
0.0000
  
4/25/2007
  
$8.25000
  
2.1102
  
-0.0097
  
0.0001
  
4/24/2007
  
$8.33000
  
2.1199
  
0.0145
  
0.0002
  
4/23/2007
  
$8.21000
  
2.1054
  
0.0147
  
0.0002
  
4/20/2007
  
$8.09000
  
2.0906
  
0.0062
  
0.0000
  
4/19/2007
  
$8.04000
  
2.0844
  
0.0113
  
0.0001
  
4/18/2007
  
$7.95000
  
2.0732
  
-0.0063
  
0.0000
  
4/17/2007
  
$8.00000
  
2.0794
  
0.0395
  
0.0015
  
4/16/2007
  
$7.69000
  
2.0399
  
0.0317
  
0.0010
  
4/13/2007
  
$7.45000
  
2.0082
  
0.0327
  
0.0011
  
4/12/2007
  
$7.21000
  
1.9755
  
-0.0014
  
0.0000
  
4/11/2007
  
$7.22000
  
1.9769
  
0.0014
  
0.0000
  
4/10/2007
  
$7.21000
  
1.9755
  
-0.0192
  
0.0004
  
4/9/2007
  
$7.35000
  
1.9947
  
0.0290
  
0.0008
  
4/5/2007
  
$7.14000
  
1.9657
  
0.0488
  
0.0024
  
4/4/2007
  
$6.80000
  
1.9169
  
-0.0304
  
0.0009
  
4/3/2007
  
$7.01000
  
1.9473
  
0.0014
  
0.0000
  
4/2/2007
  
$7.00000
  
1.9459
  
0.0000
  
0.0000
  
3/30/2007
  
$7.00000
  
1.9459
  
-0.0114
  
0.0001
  
3/29/2007
  
$7.08000
  
1.9573
  
-0.0237
  
0.0006
  
3/28/2007
  
$7.25000
  
1.9810
  
-0.0151
  
0.0002
  
3/27/2007
  
$7.36000
  
1.9961
  
0.0041
  
0.0000
  
3/26/2007
  
$7.33000
  
1.9920
  
0.0068
  
0.0000
  
3/23/2007
  
$7.28000
  
1.9851
  
-0.0055
  
0.0000
  
3/22/2007
  
$7.32000
  
1.9906
  
0.0069
  
0.0000
  
 
 
 
                                                                
Culp, Inc. STOCK PRICE VOLATILITY   Page:  2
 
FROM 6/25/2004 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:55:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
3/21/2007
$7.27000
  
1.9838
  
0.0028
  
0.0000
  
3/20/2007
$7.25000
  
1.9810
  
0.0083
  
0.0001
  
3/19/2007
$7.19000
  
1.9727
  
-0.0042
  
0.0000
  
3/16/2007
$7.22000
  
1.9769
  
0.0210
  
0.0004
  
3/15/2007
$7.07000
  
1.9559
  
0.0345
  
0.0012
  
3/14/2007
$6.83000
  
1.9213
  
-0.0260
  
0.0007
  
3/13/2007
$7.01000
  
1.9473
  
0.0393
  
0.0015
  
3/12/2007
$6.74000
  
1.9081
  
-0.0839
  
0.0071
  
3/9/2007
$7.33000
  
1.9920
  
0.0165
  
0.0003
  
3/8/2007
$7.21000
  
1.9755
  
0.0600
  
0.0036
  
3/7/2007
$6.79000
  
1.9155
  
-0.0132
  
0.0002
  
3/6/2007
$6.88000
  
1.9286
  
-0.0058
  
0.0000
  
3/5/2007
$6.92000
  
1.9344
  
0.0219
  
0.0005
  
3/2/2007
$6.77000
  
1.9125
  
0.0239
  
0.0006
  
3/1/2007
$6.61000
  
1.8886
  
0.0000
  
0.0000
  
2/28/2007
$6.61000
  
1.8886
  
-0.0357
  
0.0013
  
2/27/2007
$6.85000
  
1.9242
  
0.0015
  
0.0000
  
2/26/2007
$6.84000
  
1.9228
  
0.0015
  
0.0000
  
2/23/2007
$6.83000
  
1.9213
  
0.0073
  
0.0001
  
2/22/2007
$6.78000
  
1.9140
  
0.0000
  
0.0000
  
2/21/2007
$6.78000
  
1.9140
  
0.0015
  
0.0000
  
2/20/2007
$6.77000
  
1.9125
  
0.0059
  
0.0000
  
2/16/2007
$6.73000
  
1.9066
  
0.0000
  
0.0000
  
2/15/2007
$6.73000
  
1.9066
  
0.0225
  
0.0005
  
2/14/2007
$6.58000
  
1.8840
  
0.0403
  
0.0016
  
2/13/2007
$6.32000
  
1.8437
  
-0.0357
  
0.0013
  
2/12/2007
$6.55000
  
1.8795
  
-0.0286
  
0.0008
  
2/9/2007
$6.74000
  
1.9081
  
0.0210
  
0.0004
  
2/8/2007
$6.60000
  
1.8871
  
0.0030
  
0.0000
  
2/7/2007
$6.58000
  
1.8840
  
-0.0045
  
0.0000
  
2/6/2007
$6.61000
  
1.8886
  
0.0106
  
0.0001
  
2/5/2007
$6.54000
  
1.8779
  
-0.0091
  
0.0001
  
2/2/2007
$6.60000
  
1.8871
  
0.0137
  
0.0002
  
2/1/2007
$6.51000
  
1.8733
  
0.0093
  
0.0001
  
1/31/2007
$6.45000
  
1.8641
  
-0.0062
  
0.0000
  
1/30/2007
$6.49000
  
1.8703
  
0.0297
  
0.0009
  
1/29/2007
$6.30000
  
1.8405
  
0.0144
  
0.0002
  
1/26/2007
$6.21000
  
1.8262
  
-0.0144
  
0.0002
  
1/25/2007
$6.30000
  
1.8405
  
-0.0837
  
0.0070
  
1/24/2007
$6.85000
  
1.9242
  
0.0251
  
0.0006
  
1/23/2007
$6.68000
  
1.8991
  
0.0381
  
0.0014
  
1/22/2007
$6.43000
  
1.8610
  
-0.0047
  
0.0000
  
1/19/2007
$6.46000
  
1.8656
  
0.0000
  
0.0000
  
1/18/2007
$6.46000
  
1.8656
  
0.0314
  
0.0010
  
1/17/2007
$6.26000
  
1.8342
  
0.0096
  
0.0001
  
1/16/2007
$6.20000
  
1.8245
  
0.0000
  
0.0000
  
1/12/2007
$6.20000
  
1.8245
  
0.0911
  
0.0083
  
1/11/2007
$5.66000
  
1.7334
  
0.0396
  
0.0016
  
1/10/2007
$5.44000
  
1.6938
  
-0.0379
  
0.0015
  
1/9/2007
$5.65000
  
1.7317
  
0.0342
  
0.0012
  
1/8/2007
$5.46000
  
1.6974
  
-0.0109
  
0.0001
  
1/5/2007
$5.52000
  
1.7084
  
0.0313
  
0.0010
  
1/4/2007
$5.35000
  
1.6771
  
0.0284
  
0.0008
  
1/3/2007
$5.20000
  
1.6487
  
0.0097
  
0.0001
  
12/29/2006
$5.15000
  
1.6390
  
-0.0019
  
0.0000
  
12/28/2006
$5.16000
  
1.6409
  
0.0097
  
0.0001
  
12/27/2006
$5.11000
  
1.6312
  
0.0218
  
0.0005
  
12/26/2006
$5.00000
  
1.6094
  
-0.0237
  
0.0006
  
12/22/2006
$5.12000
  
1.6332
  
-0.0039
  
0.0000
  
12/21/2006
$5.14000
  
1.6371
  
0.0177
  
0.0003
  
12/20/2006
$5.05000
  
1.6194
  
-0.0293
  
0.0009
  
12/19/2006
$5.20000
  
1.6487
  
-0.0019
  
0.0000
  
12/18/2006
$5.21000
  
1.6506
  
0.0613
  
0.0037
  
12/15/2006
$4.90000
  
1.5892
  
0.0144
  
0.0002
  
12/14/2006
$4.83000
  
1.5748
  
-0.0041
  
0.0000
  
12/13/2006
$4.85000
  
1.5790
  
-0.0123
  
0.0002
  
 
 
                                                                
Culp, Inc. STOCK PRICE VOLATILITY   Page:  3
 
FROM 6/25/2004 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:55:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
12/12/2006
  
$4.91000
  
1.5913
  
-0.0041
  
0.0000
  
12/11/2006
  
$4.93000
  
1.5953
  
0.0606
  
0.0036
  
12/8/2006
  
$4.64000
  
1.5347
  
0.0418
  
0.0017
  
12/7/2006
  
$4.45000
  
1.4929
  
-0.0418
  
0.0018
  
12/6/2006
  
$4.64000
  
1.5347
  
-0.0234
  
0.0006
  
12/5/2006
  
$4.75000
  
1.5581
  
-0.0208
  
0.0004
  
12/4/2006
  
$4.85000
  
1.5790
  
0.0083
  
0.0001
  
12/1/2006
  
$4.81000
  
1.5707
  
-0.0246
  
0.0006
  
11/30/2006
  
$4.93000
  
1.5953
  
-0.0141
  
0.0002
  
11/29/2006
  
$5.00000
  
1.6094
  
0.0040
  
0.0000
  
11/28/2006
  
$4.98000
  
1.6054
  
-0.0258
  
0.0007
  
11/27/2006
  
$5.11000
  
1.6312
  
-0.0020
  
0.0000
  
11/24/2006
  
$5.12000
  
1.6332
  
-0.0058
  
0.0000
  
11/22/2006
  
$5.15000
  
1.6390
  
-0.0019
  
0.0000
  
11/21/2006
  
$5.16000
  
1.6409
  
0.0000
  
0.0000
  
11/20/2006
  
$5.16000
  
1.6409
  
-0.0230
  
0.0005
  
11/17/2006
  
$5.28000
  
1.6639
  
-0.0075
  
0.0001
  
11/16/2006
  
$5.32000
  
1.6715
  
0.0171
  
0.0003
  
11/15/2006
  
$5.23000
  
1.6544
  
0.0058
  
0.0000
  
11/14/2006
  
$5.20000
  
1.6487
  
-0.0359
  
0.0013
  
11/13/2006
  
$5.39000
  
1.6845
  
0.0320
  
0.0010
  
11/10/2006
  
$5.22000
  
1.6525
  
-0.0246
  
0.0006
  
11/9/2006
  
$5.35000
  
1.6771
  
0.0189
  
0.0003
  
11/8/2006
  
$5.25000
  
1.6582
  
0.0000
  
0.0000
  
11/7/2006
  
$5.25000
  
1.6582
  
0.0212
  
0.0004
  
11/6/2006
  
$5.14000
  
1.6371
  
-0.0212
  
0.0005
  
11/3/2006
  
$5.25000
  
1.6582
  
0.0000
  
0.0000
  
11/2/2006
  
$5.25000
  
1.6582
  
0.0115
  
0.0001
  
11/1/2006
  
$5.19000
  
1.6467
  
-0.0019
  
0.0000
  
10/31/2006
  
$5.20000
  
1.6487
  
-0.0134
  
0.0002
  
10/30/2006
  
$5.27000
  
1.6620
  
-0.0391
  
0.0015
  
10/27/2006
  
$5.48000
  
1.7011
  
0.0429
  
0.0018
  
10/26/2006
  
$5.25000
  
1.6582
  
-0.0392
  
0.0016
  
10/25/2006
  
$5.46000
  
1.6974
  
-0.0181
  
0.0003
  
10/24/2006
  
$5.56000
  
1.7156
  
0.0072
  
0.0000
  
10/23/2006
  
$5.52000
  
1.7084
  
-0.0197
  
0.0004
  
10/20/2006
  
$5.63000
  
1.7281
  
-0.0035
  
0.0000
  
10/19/2006
  
$5.65000
  
1.7317
  
0.0071
  
0.0000
  
10/18/2006
  
$5.61000
  
1.7246
  
0.0126
  
0.0002
  
10/17/2006
  
$5.54000
  
1.7120
  
0.0164
  
0.0003
  
10/16/2006
  
$5.45000
  
1.6956
  
-0.0236
  
0.0006
  
10/13/2006
  
$5.58000
  
1.7192
  
0.0144
  
0.0002
  
10/12/2006
  
$5.50000
  
1.7047
  
0.0147
  
0.0002
  
10/11/2006
  
$5.42000
  
1.6901
  
0.0056
  
0.0000
  
10/10/2006
  
$5.39000
  
1.6845
  
-0.0092
  
0.0001
  
10/9/2006
  
$5.44000
  
1.6938
  
0.0204
  
0.0004
  
10/6/2006
  
$5.33000
  
1.6734
  
-0.0167
  
0.0003
  
10/5/2006
  
$5.42000
  
1.6901
  
0.0149
  
0.0002
  
10/4/2006
  
$5.34000
  
1.6752
  
0.0189
  
0.0003
  
10/3/2006
  
$5.24000
  
1.6563
  
-0.0319
  
0.0010
  
10/2/2006
  
$5.41000
  
1.6882
  
-0.0110
  
0.0001
  
9/29/2006
  
$5.47000
  
1.6993
  
0.0335
  
0.0011
  
9/28/2006
  
$5.29000
  
1.6658
  
0.0210
  
0.0004
  
9/27/2006
  
$5.18000
  
1.6448
  
0.0117
  
0.0001
  
9/26/2006
  
$5.12000
  
1.6332
  
-0.0039
  
0.0000
  
9/25/2006
  
$5.14000
  
1.6371
  
-0.0154
  
0.0002
  
9/22/2006
  
$5.22000
  
1.6525
  
-0.0076
  
0.0001
  
9/21/2006
  
$5.26000
  
1.6601
  
0.0000
  
0.0000
  
9/20/2006
  
$5.26000
  
1.6601
  
0.0270
  
0.0007
  
9/19/2006
  
$5.12000
  
1.6332
  
-0.0364
  
0.0013
  
9/18/2006
  
$5.31000
  
1.6696
  
0.0133
  
0.0002
  
9/15/2006
  
$5.24000
  
1.6563
  
-0.0301
  
0.0009
  
9/14/2006
  
$5.40000
  
1.6864
  
0.01 30
  
0.0002
  
9/13/2006
  
$5.33000
  
1.6734
  
0.0189
  
0.0004
  
9/12/2006
  
$5.23000
  
1.6544
  
0.0000
  
0.0000
  
9/11/2006
  
$5.23000
  
1.6544
  
-0.0503
  
0.0026
  
 
 
 
                                                                
Culp, Inc. STOCK PRICE VOLATILITY   Page:  4
 
FROM 6/25/2004 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:55:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
9/8/2006
  
$5.50000
  
1.7047
  
0.0599
  
0.0036
  
9/7/2006
  
$5.18000
  
1.6448
  
0.0354
  
0.0012
  
9/6/2006
  
$5.00000
  
1.6094
  
-0.0080
  
0.0001
  
9/5/2006
  
$5.04000
  
1.6174
  
-0.0408
  
0.0017
  
9/1/2006
  
$5.25000
  
1.6582
  
0.0310
  
0.0009
  
8/31/2006
  
$5.09000
  
1.6273
  
-0.0811
  
0.0066
  
8/30/2006
  
$5.52000
  
1.7084
  
-0.0321
  
0.0010
  
8/29/2006
  
$5.70000
  
1.7405
  
-0.0429
  
0.0019
  
8/28/2006
  
$5.95000
  
1.7834
  
0.0051
  
0.0000
  
8/25/2006
  
$5.92000
  
1.7783
  
0.0379
  
0.0014
  
8/24/2006
  
$5.70000
  
1.7405
  
-0.0243
  
0.0006
  
8/23/2006
  
$5.84000
  
1.7647
  
0.0017
  
0.0000
  
8/22/2006
  
$5.83000
  
1.7630
  
0.0226
  
0.0005
  
8/21/2006
  
$5.70000
  
1.7405
  
0.1451
  
0.0210
  
8/18/2006
  
$4.93000
  
1.5953
  
0.0226
  
0.0005
  
8/17/2006
  
$4.82000
  
1.5728
  
-0.0266
  
0.0007
  
8/16/2006
  
$4.95000
  
1.5994
  
-0.0080
  
0.0001
  
8/15/2006
  
$4.99000
  
1.6074
  
0.0388
  
0.0015
  
8/14/2006
  
$4.80000
  
1.5686
  
-0.0488
  
0.0024
  
8/11/2006
  
$5.04000
  
1.6174
  
0.0000
  
0.0000
  
8/10/2006
  
$5.04000
  
1.6174
  
-0.0020
  
0.0000
  
8/9/2006
  
$5.05000
  
1.6194
  
-0.0099
  
0.0001
  
8/8/2006
  
$5.10000
  
1.6292
  
-0.0059
  
0.0000
  
8/7/2006
  
$5.13000
  
1.6351
  
-0.0078
  
0.0001
  
8/4/2006
  
$5.17000
  
1.6429
  
0.0039
  
0.0000
  
8/3/2006
  
$5.15000
  
1.6390
  
-0.0019
  
0.0000
  
8/2/2006
  
$5.16000
  
1.6409
  
0.0117
  
0.0001
  
8/1/2006
  
$5.10000
  
1.6292
  
-0.0175
  
0.0003
  
7/31/2006
  
$5.19000
  
1.6467
  
-0.0304
  
0.0009
  
7/28/2006
  
$5.35000
  
1.6771
  
-0.0634
  
0.0040
  
7/27/2006
  
$5.70000
  
1.7405
  
0.0195
  
0.0004
  
7/26/2006
  
$5.59000
  
1.7210
  
-0.0177
  
0.0003
  
7/25/2006
  
$5.69000
  
1.7387
  
-0.0209
  
0.0004
  
7/24/2006
  
$5.81000
  
1.7596
  
0.0332
  
0.0011
  
7/21/2006
  
$5.62000
  
1.7263
  
-0.0982
  
0.0097
  
7/20/2006
  
$6.20000
  
1.8245
  
-0.0160
  
0.0003
  
7/19/2006
  
$6.30000
  
1.8405
  
0.0306
  
0.0009
  
7/18/2006
  
$6.11000
  
1.8099
  
-0.0065
  
0.0000
  
7/17/2006
  
$6.15000
  
1.8165
  
0.0197
  
0.0004
  
7/14/2006
  
$6.03000
  
1.7967
  
-0.0246
  
0.0006
  
7/13/2006
  
$6.18000
  
1.8213
  
-0.0113
  
0.0001
  
7/12/2006
  
$6.25000
  
1.8326
  
0.0292
  
0.0008
  
7/11/2006
  
$6.07000
  
1.8034
  
0.0455
  
0.0021
  
7/10/2006
  
$5.80000
  
1.7579
  
-0.0747
  
0.0056
  
7/7/2006
  
$6.25000
  
1.8326
  
0.0627
  
0.0039
  
7/6/2006
  
$5.87000
  
1.7699
  
0.0294
  
0.0009
  
7/5/2006
  
$5.70000
  
1.7405
  
0.0822
  
0.0067
  
7/3/2006
  
$5.25000
  
1.6582
  
0.0710
  
0.0050
  
6/30/2006
  
$4.89000
  
1.5872
  
0.0186
  
0.0003
  
6/29/2006
  
$4.80000
  
1.5686
  
0.0535
  
0.0028
  
6/28/2006
  
$4.55000
  
1.5151
  
-0.1082
  
0.0118
  
6/27/2006
  
$5.07000
  
1.6233
  
0.1532
  
0.0234
  
6/26/2006
  
$4.35000
  
1.4702
  
-0.0069
  
0.0001
  
6/23/2006
  
$4.38000
  
1.4770
  
-0.0159
  
0.0003
  
6/22/2006
  
$4.45000
  
1.4929
  
0.0000
  
0.0000
  
6/21/2006
  
$4.45000
  
1.4929
  
-0.0112
  
0.0001
  
6/20/2006
  
$4.50000
  
1.5041
  
0.0000
  
0.0000
  
6/19/2006
  
$4.50000
  
1.5041
  
0.0478
  
0.0023
  
6/16/2006
  
$4.29000
  
1.4563
  
0.0000
  
0.0000
  
6/15/2006
  
$4.29000
  
1.4563
  
-0.0023
  
0.0000
  
6/14/2006
  
$4.30000
  
1.4586
  
-0.0116
  
0.0001
  
6/13/2006
  
$4.35000
  
1.4702
  
-0.0114
  
0.0001
  
6/12/2006
  
$4.40000
  
1.4816
  
0.0000
  
0.0000
  
6/9/2006
  
$4.40000
  
1.4816
  
0.0068
  
0.0000
  
6/8/2006
  
$4.37000
  
1.4748
  
-0.0293
  
0.0009
  
6/7/2006
  
$4.50000
  
1.5041
  
-0.0220
  
0.0005
  
 
 
 
                                                                
Culp, Inc. STOCK PRICE VOLATILITY   Page:  5
 
FROM 6/25/2004 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:55:00PM
     
     
     
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
6/6/2006
  
$4.60000
  
1.5261
  
0.0000
  
0.0000
  
6/5/2006
  
$4.60000
  
1.5261
  
-0.0108
  
0.0001
  
6/2/2006
  
$4.65000
  
1.5369
  
-0.0043
  
0.0000
  
6/1/2006
  
$4.67000
  
1.5412
  
0.0021
  
0.0000
  
5/31/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/30/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/26/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/25/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/24/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/23/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/22/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/19/2006
  
$4.66000
  
1.5390
  
0.0021
  
0.0000
  
5/18/2006
  
$4.65000
  
1.5369
  
0.0000
  
0.0000
  
5/17/2006
  
$4.65000
  
1.5369
  
0.0000
  
0.0000
  
5/16/2006
  
$4.65000
  
1.5369
  
-0.0317
  
0.0010
  
5/15/2006
  
$4.80000
  
1.5686
  
0.0000
  
0.0000
  
5/12/2006
  
$4.80000
  
1.5686
  
0.0211
  
0.0004
  
5/11/2006
  
$4.70000
  
1.5476
  
0.0172
  
0.0003
  
5/10/2006
  
$4.62000
  
1.5304
  
-0.0065
  
0.0000
  
5/9/2006
  
$4.65000
  
1.5369
  
0.0086
  
0.0001
  
5/8/2006
  
$4.61000
  
1.5282
  
-0.0086
  
0.0001
  
5/5/2006
  
$4.65000
  
1.5369
  
0.0086
  
0.0001
  
5/4/2006
  
$4.61000
  
1.5282
  
-0.0108
  
0.0001
  
5/3/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/2/2006
  
$4.66000
  
1.5390
  
0.0065
  
0.0000
  
5/1/2006
  
$4.63000
  
1.5326
  
-0.0022
  
0.0000
  
4/28/2006
  
$4.64000
  
1.5347
  
-0.0022
  
0.0000
  
4/27/2006
  
$4.65000
  
1.5369
  
-0.0064
  
0.0000
  
4/26/2006
  
$4.68000
  
1.5433
  
0.0043
  
0.0000
  
4/25/2006
  
$4.66000
  
1.5390
  
-0.0107
  
0.0001
  
4/24/2006
  
$4.71000
  
1.5497
  
-0.0127
  
0.0002
  
4/21/2006
  
$4.77000
  
1.5623
  
-0.0431
  
0.0019
  
4/20/2006
  
$4.98000
  
1.6054
  
-0.0040
  
0.0000
  
4/19/2006
  
$5.00000
  
1.6094
  
0.0060
  
0.0000
  
4/18/2006
  
$4.97000
  
1.6034
  
0.0061
  
0.0000
  
4/17/2006
  
$4.94000
  
1.5974
  
0.0041
  
0.0000
  
4/13/2006
  
$4.92000
  
1.5933
  
-0.0121
  
0.0002
  
4/12/2006
  
$4.98000
  
1.6054
  
0.0020
  
0.0000
  
4/11/2006
  
$4.97000
  
1.6034
  
0.0040
  
0.0000
  
4/10/2006
  
$4.95000
  
1.5994
  
-0.0060
  
0.0000
  
4/7/2006
  
$4.98000
  
1.6054
  
-0.0060
  
0.0000
  
4/6/2006
  
$5.01000
  
1.6114
  
0.0325
  
0.0010
  
4/5/2006
  
$4.85000
  
1.5790
  
0.0000
  
0.0000
  
4/4/2006
  
$4.85000
  
1.5790
  
0.0000
  
0.0000
  
4/3/2006
  
$4.85000
  
1.5790
  
0.0000
  
0.0000
  
3/31/2006
  
$4.85000
  
1.5790
  
0.0104
  
0.0001
  
3/30/2006
  
$4.80000
  
1.5686
  
-0.0021
  
0.0000
  
3/29/2006
  
$4.81000
  
1.5707
  
0.0021
  
0.0000
  
3/28/2006
  
$4.80000
  
1.5686
  
-0.0104
  
0.0001
  
3/27/2006
  
$4.85000
  
1.5790
  
-0.0103
  
0.0001
  
3/24/2006
  
$4.90000
  
1.5892
  
-0.0020
  
0.0000
  
3/23/2006
  
$4.91000
  
1.5913
  
-0.0121
  
0.0002
  
3/22/2006
  
$4.97000
  
1.6034
  
-0.0020
  
0.0000
  
3/21/2006
  
$4.98000
  
1.6054
  
0.0000
  
0.0000
  
3/20/2006
  
$4.98000
  
1.6054
  
-0.0060
  
0.0000
  
3/17/2006
  
$5.01000
  
1.6114
  
0.0060
  
0.0000
  
3/16/2006
  
$4.98000
  
1.6054
  
-0.0060
  
0.0000
  
3/15/2006
  
$5.01000
  
1.6114
  
-0.0020
  
0.0000
  
3/14/2006
  
$5.02000
  
1.6134
  
0.0060
  
0.0000
  
3/13/2006
  
$4.99000
  
1.6074
  
0.0000
  
0.0000
  
3/10/2006
  
$4.99000
  
1.6074
  
0.0000
  
0.0000
  
3/9/2006
  
$4.99000
  
1.6074
  
-0.0198
  
0.0004
  
3/8/2006
  
$5.09000
  
1.6273
  
0.0079
  
0.0001
  
3/7/2006
  
$5.05000
  
1.6194
  
0.0100
  
0.0001
  
3/6/2006
  
$5.00000
  
1.6094
  
0.0040
  
0.0000
  
3/3/2006
  
$4.98000
  
1.6054
  
-0.0020
  
0.0000
  
 
 
 
                                                                
Culp, Inc. STOCK PRICE VOLATILITY   Page:  6
 
FROM 6/25/2004 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:55:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
3/2/2006
  
$4.99000
  
1.6074
  
-0.0020
  
0.0000
  
3/1/2006
  
$5.00000
  
1.6094
  
0.0101
  
0.0001
  
2/28/2006
  
$4.95000
  
1.5994
  
-0.0101
  
0.0001
  
2/27/2006
  
$5.00000
  
1.6094
  
0.0598
  
0.0035
  
2/24/2006
  
$4.71000
  
1.5497
  
0.0021
  
0.0000
  
2/23/2006
  
$4.70000
  
1.5476
  
0.0172
  
0.0003
  
2/22/2006
  
$4.62000
  
1.5304
  
-0.0214
  
0.0005
  
2/21/2006
  
$4.72000
  
1.5518
  
0.0214
  
0.0004
  
2/17/2006
  
$4.62000
  
1.5304
  
-0.0256
  
0.0007
  
2/16/2006
  
$4.74000
  
1.5560
  
0.0278
  
0.0008
  
2/15/2006
  
$4.61000
  
1.5282
  
-0.0193
  
0.0004
  
2/14/2006
  
$4.70000
  
1.5476
  
0.0000
  
0.0000
  
2/13/2006
  
$4.70000
  
1.5476
  
-0.0106
  
0.0001
  
2/10/2006
  
$4.75000
  
1.5581
  
0.0000
  
0.0000
  
2/9/2006
  
$4.75000
  
1.5581
  
0.0106
  
0.0001
  
2/8/2006
  
$4.70000
  
1.5476
  
0.0193
  
0.0004
  
2/7/2006
  
$4.61000
  
1.5282
  
-0.0257
  
0.0007
  
2/6/2006
  
$4.73000
  
1.5539
  
0.0106
  
0.0001
  
2/3/2006
  
$4.68000
  
1.5433
  
0.0064
  
0.0000
  
2/2/2006
  
$4.65000
  
1.5369
  
0.0086
  
0.0001
  
2/1/2006
  
$4.61000
  
1.5282
  
0.0000
  
0.0000
  
1/31/2006
  
$4.61000
  
1.5282
  
0.0353
  
0.0012
  
1/30/2006
  
$4.45000
  
1.4929
  
-0.0112
  
0.0001
  
1/27/2006
  
$4.50000
  
1.5041
  
0.0179
  
0.0003
  
1/26/2006
  
$4.42000
  
1.4861
  
-0.0045
  
0.0000
  
1/25/2006
  
$4.44000
  
1.4907
  
0.0023
  
0.0000
  
1/24/2006
  
$4.43000
  
1.4884
  
-0.0090
  
0.0001
  
1/23/2006
  
$4.47000
  
1.4974
  
0.0022
  
0.0000
  
1/20/2006
  
$4.46000
  
1.4951
  
0.0000
  
0.0000
  
1/19/2006
  
$4.46000
  
1.4951
  
-0.0022
  
0.0000
  
1/18/2006
  
$4.47000
  
1.4974
  
0.0022
  
0.0000
  
1/17/2006
  
$4.46000
  
1.4951
  
-0.0374
  
0.0014
  
1/13/2006
  
$4.63000
  
1.5326
  
0.0152
  
0.0002
  
1/12/2006
  
$4.56000
  
1.5173
  
-0.0087
  
0.0001
  
1/11/2006
  
$4.60000
  
1.5261
  
0.0000
  
0.0000
  
1/10/2006
  
$4.60000
  
1.5261
  
0.0109
  
0.0001
  
1/9/2006
  
$4.55000
  
1.5151
  
-0.0109
  
0.0001
  
1/6/2006
  
$4.60000
  
1.5261
  
0.0065
  
0.0000
  
1/5/2006
  
$4.57000
  
1.5195
  
-0.0280
  
0.0008
  
1/4/2006
  
$4.70000
  
1.5476
  
-0.0190
  
0.0004
  
1/3/2006
  
$4.79000
  
1.5665
  
0.0000
  
0.0000
  
12/30/2005
  
$4.79000
  
1.5665
  
0.0190
  
0.0004
  
12/29/2005
  
$4.70000
  
1.5476
  
-0.0064
  
0.0000
  
12/28/2005
  
$4.73000
  
1.5539
  
-0.0042
  
0.0000
  
12/27/2005
  
$4.75000
  
1.5581
  
0.0000
  
0.0000
  
12/23/2005
  
$4.75000
  
1.5581
  
-0.0105
  
0.0001
  
12/22/2005
  
$4.80000
  
1.5686
  
0.0021
  
0.0000
  
12/21/2005
  
$4.79000
  
1.5665
  
0.0063
  
0.0000
  
12/20/2005
  
$4.76000
  
1.5602
  
0.0364
  
0.0013
  
12/19/2005
  
$4.59000
  
1.5239
  
-0.0551
  
0.0031
  
12/16/2005
  
$4.85000
  
1.5790
  
-0.0164
  
0.0003
  
12/15/2005
  
$4.93000
  
1.5953
  
-0.0141
  
0.0002
  
12/14/2005
  
$5.00000
  
1.6094
  
-0.0020
  
0.0000
  
12/13/2005
  
$5.01000
  
1.6114
  
0.0020
  
0.0000
  
12/12/2005
  
$5.00000
  
1.6094
  
-0.0119
  
0.0001
  
12/9/2005
  
$5.06000
  
1.6214
  
0.0159
  
0.0002
  
12/8/2005
  
$4.98000
  
1.6054
  
0.0000
  
0.0000
  
12/7/2005
  
$4.98000
  
1.6054
  
0.0020
  
0.0000
  
12/6/2005
  
$4.97000
  
1.6034
  
-0.0060
  
0.0000
  
12/5/2005
  
$5.00000
  
1.6094
  
-0.0198
  
0.0004
  
12/2/2005
  
$5.10000
  
1.6292
  
0.0238
  
0.0006
  
12/1/2005
  
$4.98000
  
1.6054
  
-0.0060
  
0.0000
  
11/30/2005
  
$5.01000
  
1.6114
  
0.0020
  
0.0000
  
11/29/2005
  
$5.00000
  
1.6094
  
0.0408
  
0.0016
  
11/28/2005
  
$4.80000
  
1.5686
  
-0.0104
  
0.0001
  
11/25/2005
  
$4.85000
  
1.5790
  
0.0062
  
0.0000
  
 
 
 
                                                                
Culp, Inc. STOCK PRICE VOLATILITY   Page:  7
 
FROM 6/25/2004 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:55:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
11/23/2005
  
$4.82000
  
1.5728
  
0.0000
  
0.0000
  
11/22/2005
  
$4.82000
  
1.5728
  
0.0000
  
0.0000
  
11/21/2005
  
$4.82000
  
1.5728
  
0.0000
  
0.0000
  
11/18/2005
  
$4.82000
  
1.5728
  
-0.0083
  
0.0001
  
11/17/2005
  
$4.86000
  
1.5810
  
-0.0183
  
0.0003
  
11/16/2005
  
$4.95000
  
1.5994
  
0.0000
  
0.0000
  
11/15/2005
  
$4.95000
  
1.5994
  
-0.0299
  
0.0009
  
11/14/2005
  
$5.10000
  
1.6292
  
-0.0059
  
0.0000
  
11/11/2005
  
$5.13000
  
1.6351
  
-0.0193
  
0.0004
  
11/10/2005
  
$5.23000
  
1.6544
  
0.0000
  
0.0000
  
11/9/2005
  
$5.23000
  
1.6544
  
0.0058
  
0.0000
  
11/8/2005
  
$5.20000
  
1.6487
  
0.0000
  
0.0000
  
11/7/2005
  
$5.20000
  
1.6487
  
0.0019
  
0.0000
  
11/4/2005
  
$5.19000
  
1.6467
  
0.0058
  
0.0000
  
11/3/2005
  
$5.16000
  
1.6409
  
0.0000
  
0.0000
  
11/2/2005
  
$5.16000
  
1.6409
  
0.0000
  
0.0000
  
11/1/2005
  
$5.16000
  
1.6409
  
0.0000
  
0.0000
  
10/31/2005
  
$5.16000
  
1.6409
  
0.0058
  
0.0000
  
10/28/2005
  
$5.13000
  
1.6351
  
0.0177
  
0.0003
  
10/27/2005
  
$5.04000
  
1.6174
  
0.0040
  
0.0000
  
10/26/2005
  
$5.02000
  
1.6134
  
0.0000
  
0.0000
  
10/25/2005
  
$5.02000
  
1.6134
  
0.0080
  
0.0001
  
10/24/2005
  
$4.98000
  
1.6054
  
0.0000
  
0.0000
  
10/21/2005
  
$4.98000
  
1.6054
  
-0.0374
  
0.0014
  
10/20/2005
  
$5.17000
  
1.6429
  
0.0000
  
0.0000
  
10/19/2005
  
$5.17000
  
1.6429
  
0.0215
  
0.0005
  
10/18/2005
  
$5.06010
  
1.6214
  
-0.0157
  
0.0003
  
10/17/2005
  
$5.14000
  
1.6371
  
-0.0019
  
0.0000
  
10/14/2005
  
$5.14990
  
1.6390
  
0.0275
  
0.0007
  
10/13/2005
  
$5.01000
  
1.6114
  
-0.0217
  
0.0005
  
10/12/2005
  
$5.12000
  
1.6332
  
0.0235
  
0.0005
  
10/11/2005
  
$5.00100
  
1.6096
  
0.0042
  
0.0000
  
10/10/2005
  
$4.98000
  
1.6054
  
0.0686
  
0.0047
  
10/7/2005
  
$4.65000
  
1.5369
  
0.0000
  
0.0000
  
10/6/2005
  
$4.65000
  
1.5369
  
0.0328
  
0.0011
  
10/5/2005
  
$4.50000
  
1.5041
  
-0.0088
  
0.0001
  
10/4/2005
  
$4.54000
  
1.5129
  
-0.0110
  
0.0001
  
10/3/2005
  
$4.59000
  
1.5239
  
-0.0194
  
0.0004
  
9/30/2005
  
$4.68000
  
1.5433
  
0.0304
  
0.0009
  
9/29/2005
  
$4.54000
  
1.5129
  
0.0000
  
0.0000
  
9/28/2005
  
$4.54000
  
1.5129
  
0.0022
  
0.0000
  
9/27/2005
  
$4.53000
  
1.5107
  
-0.0153
  
0.0002
  
9/26/2005
  
$4.60000
  
1.5261
  
-0.0151
  
0.0002
  
9/23/2005
  
$4.67000
  
1.5412
  
0.0282
  
0.0008
  
9/22/2005
  
$4.54000
  
1.5129
  
-0.0022
  
0.0000
  
9/21/2005
  
$4.55000
  
1.5151
  
-0.0109
  
0.0001
  
9/20/2005
  
$4.60000
  
1.5261
  
0.0022
  
0.0000
  
9/19/2005
  
$4.59000
  
1.5239
  
-0.0022
  
0.0000
  
9/16/2005
  
$4.60000
  
1.5261
  
0.0022
  
0.0000
  
9/15/2005
  
$4.59000
  
1.5239
  
-0.0022
  
0.0000
  
9/14/2005
  
$4.60000
  
1.5261
  
-0.0022
  
0.0000
  
9/13/2005
  
$4.61000
  
1.5282
  
0.0022
  
0.0000
  
9/12/2005
  
$4.60000
  
1.5261
  
-0.0043
  
0.0000
  
9/9/2005
  
$4.62000
  
1.5304
  
-0.0086
  
0.0001
  
9/8/2005
  
$4.66000
  
1.5390
  
-0.0064
  
0.0000
  
9/7/2005
  
$4.69000
  
1.5454
  
0.0365
  
0.0013
  
9/6/2005
  
$4.52200
  
1.5090
  
-0.0279
  
0.0008
  
9/2/2005
  
$4.65000
  
1.5369
  
0.0000
  
0.0000
  
9/1/2005
  
$4.65000
  
1.5369
  
0.0108
  
0.0001
  
8/31/2005
  
$4.60000
  
1.5261
  
0.0000
  
0.0000
  
8/30/2005
  
$4.60000
  
1.5261
  
0.0000
  
0.0000
  
8/29/2005
  
$4.60000
  
1.5261
  
0.0000
  
0.0000
  
8/26/2005
  
$4.60000
  
1.5261
  
-0.0043
  
0.0000
  
8/25/2005
  
$4.62000
  
1.5304
  
0.0000
  
0.0000
  
8/24/2005
  
$4.62000
  
1.5304
  
0.0153
  
0.0002
  
8/23/2005
  
$4.55000
  
1.5151
  
0.0044
  
0.0000
  
 
 
 
                                                                
Culp, Inc. STOCK PRICE VOLATILITY   Page:  8
 
FROM 6/25/2004 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:55:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
8/22/2005
  
$4.53000
  
1.5107
  
0.0178
  
0.0003
  
8/19/2005
  
$4.45000
  
1.4929
  
0.0227
  
0.0005
  
8/18/2005
  
$4.35000
  
1.4702
  
-0.0317
  
0.0010
  
8/17/2005
  
$4.49000
  
1.5019
  
0.0112
  
0.0001
  
8/16/2005
  
$4.44000
  
1.4907
  
-0.0112
  
0.0001
  
8/15/2005
  
$4.49000
  
1.5019
  
0.0022
  
0.0000
  
8/12/2005
  
$4.48000
  
1.4996
  
0.0157
  
0.0002
  
8/11/2005
  
$4.41000
  
1.4839
  
0.0229
  
0.0005
  
8/10/2005
  
$4.31000
  
1.4609
  
-0.0092
  
0.0001
  
8/9/2005
  
$4.35000
  
1.4702
  
-0.0114
  
0.0001
  
8/8/2005
  
$4.40000
  
1.4816
  
-0.0202
  
0.0004
  
8/5/2005
  
$4.49000
  
1.5019
  
-0.0049
  
0.0000
  
8/4/2005
  
$4.51200
  
1.5067
  
0.0229
  
0.0005
  
8/3/2005
  
$4.41000
  
1.4839
  
0.0023
  
0.0000
  
8/2/2005
  
$4.40000
  
1.4816
  
-0.0225
  
0.0005
  
8/1/2005
  
$4.50000
  
1.5041
  
-0.0110
  
0.0001
  
7/29/2005
  
$4.55000
  
1.5151
  
0.0110
  
0.0001
  
7/28/2005
  
$4.50000
  
1.5041
  
-0.0154
  
0.0002
  
7/27/2005
  
$4.57000
  
1.5195
  
0.0154
  
0.0002
  
7/26/2005
  
$4.50000
  
1.5041
  
-0.0110
  
0.0001
  
7/25/2005
  
$4.55000
  
1.5151
  
-0.0109
  
0.0001
  
7/22/2005
  
$4.60000
  
1.5261
  
0.0000
  
0.0000
  
7/21/2005
  
$4.60000
  
1.5261
  
0.0445
  
0.0020
  
7/20/2005
  
$4.40000
  
1.4816
  
0.0023
  
0.0000
  
7/19/2005
  
$4.39000
  
1.4793
  
0.0161
  
0.0003
  
7/18/2005
  
$4.32000
  
1.4633
  
-0.0183
  
0.0003
  
7/15/2005
  
$4.40000
  
1.4816
  
-0.0335
  
0.0011
  
7/14/2005
  
$4.55000
  
1.5151
  
0.0542
  
0.0029
  
7/13/2005
  
$4.31000
  
1.4609
  
0.0164
  
0.0003
  
7/12/2005
  
$4.24000
  
1.4446
  
0.0190
  
0.0004
  
7/11/2005
  
$4.16000
  
1.4255
  
-0.0214
  
0.0005
  
7/8/2005
  
$4.25000
  
1.4469
  
0.0142
  
0.0002
  
7/7/2005
  
$4.19000
  
1.4327
  
-0.0466
  
0.0022
  
7/6/2005
  
$4.39000
  
1.4793
  
-0.0023
  
0.0000
  
7/5/2005
  
$4.40000
  
1.4816
  
-0.0045
  
0.0000
  
7/1/2005
  
$4.42000
  
1.4861
  
0.0045
  
0.0000
  
6/30/2005
  
$4.40000
  
1.4816
  
0.0000
  
0.0000
  
6/29/2005
  
$4.40000
  
1.4816
  
-0.0045
  
0.0000
  
6/28/2005
  
$4.42000
  
1.4861
  
0.0068
  
0.0000
  
6/27/2005
  
$4.39000
  
1.4793
  
-0.0247
  
0.0006
  
6/24/2005
  
$4.50000
  
1.5041
  
0.0067
  
0.0000
  
6/23/2005
  
$4.47000
  
1.4974
  
-0.0629
  
0.0040
  
6/22/2005
  
$4.76000
  
1.5602
  
-0.0021
  
0.0000
  
6/21/2005
  
$4.77000
  
1.5623
  
0.0583
  
0.0034
  
6/20/2005
  
$4.50000
  
1.5041
  
0.0000
  
0.0000
  
6/17/2005
  
$4.50000
  
1.5041
  
0.0000
  
0.0000
  
6/16/2005
  
$4.50000
  
1.5041
  
0.0112
  
0.0001
  
6/15/2005
  
$4.45000
  
1.4929
  
0.0090
  
0.0001
  
6/14/2005
  
$4.41000
  
1.4839
  
0.0253
  
0.0006
  
6/13/2005
  
$4.30000
  
1.4586
  
0.0093
  
0.0001
  
6/10/2005
  
$4.26000
  
1.4493
  
-0.0093
  
0.0001
  
6/9/2005
  
$4.30000
  
1.4586
  
0.0117
  
0.0001
  
6/8/2005
  
$4.25000
  
1.4469
  
0.0118
  
0.0001
  
6/7/2005
  
$4.20000
  
1.4351
  
-0.0118
  
0.0001
  
6/6/2005
  
$4.25000
  
1.4469
  
-0.0047
  
0.0000
  
6/3/2005
  
$4.27000
  
1.4516
  
0.0000
  
0.0000
  
6/2/2005
  
$4.27000
  
1.4516
  
-0.0093
  
0.0001
  
6/1/2005
  
$4.31000
  
1.4609
  
-0.0092
  
0.0001
  
5/31/2005
  
$4.35000
  
1.4702
  
0.0375
  
0.0014
  
5/27/2005
  
$4.19000
  
1.4327
  
0.0340
  
0.0011
  
5/26/2005
  
$4.05000
  
1.3987
  
0.0124
  
0.0001
  
5/25/2005
  
$4.00000
  
1.3863
  
0.0000
  
0.0000
  
5/24/2005
  
$4.00000
  
1.3863
  
0.0434
  
0.0019
  
5/23/2005
  
$3.83000
  
1.3429
  
-0.0657
  
0.0043
  
5/20/2005
  
$4.09000
  
1.4085
  
0.0049
  
0.0000
  
5/19/2005
  
$4.07000
  
1.4036
  
-0.0098
  
0.0001
  
 
 
 
                                                                
Culp, Inc. STOCK PRICE VOLATILITY   Page:  9
 
FROM 6/25/2004 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:55:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
5/18/2005
  
$4.11000
  
1.4134
  
0.0024
  
0.0000
  
5/17/2005
  
$4.10000
  
1.4110
  
-0.0024
  
0.0000
  
5/16/2005
  
$4.11000
  
1.4134
  
-0.0024
  
0.0000
  
5/13/2005
  
$4.12000
  
1.4159
  
-0.0520
  
0.0027
  
5/12/2005
  
$4.34000
  
1.4679
  
-0.0137
  
0.0002
  
5/11/2005
  
$4.40000
  
1.4816
  
-0.0445
  
0.0020
  
5/10/2005
  
$4.60000
  
1.5261
  
-0.0194
  
0.0004
  
5/9/2005
  
$4.69000
  
1.5454
  
-0.0021
  
0.0000
  
5/6/2005
  
$4.70000
  
1.5476
  
-0.0478
  
0.0023
  
5/5/2005
  
$4.93000
  
1.5953
  
-0.0101
  
0.0001
  
5/4/2005
  
$4.98000
  
1.6054
  
-0.0040
  
0.0000
  
5/3/2005
  
$5.00000
  
1.6094
  
0.0576
  
0.0033
  
5/2/2005
  
$4.72000
  
1.5518
  
0.0042
  
0.0000
  
4/29/2005
  
$4.70000
  
1.5476
  
0.0000
  
0.0000
  
4/28/2005
  
$4.70000
  
1.5476
  
-0.0211
  
0.0005
  
4/27/2005
  
$4.80000
  
1.5686
  
-0.0165
  
0.0003
  
4/26/2005
  
$4.88000
  
1.5851
  
-0.0243
  
0.0006
  
4/25/2005
  
$5.00000
  
1.6094
  
-0.0392
  
0.0016
  
4/22/2005
  
$5.20000
  
1.6487
  
0.0155
  
0.0002
  
4/21/2005
  
$5.12000
  
1.6332
  
-0.0155
  
0.0002
  
4/20/2005
  
$5.20000
  
1.6487
  
-0.0115
  
0.0001
  
4/19/2005
  
$5.26000
  
1.6601
  
-0.0038
  
0.0000
  
4/18/2005
  
$5.28000
  
1.6639
  
-0.0317
  
0.0010
  
4/15/2005
  
$5.45000
  
1.6956
  
0.0000
  
0.0000
  
4/14/2005
  
$5.45000
  
1.6956
  
-0.0164
  
0.0003
  
4/13/2005
  
$5.54000
  
1.7120
  
0.0145
  
0.0002
  
4/12/2005
  
$5.46000
  
1.6974
  
-0.0073
  
0.0001
  
4/11/2005
  
$5.50000
  
1.7047
  
-0.0162
  
0.0003
  
4/8/2005
  
$5.59000
  
1.7210
  
0.0036
  
0.0000
  
4/7/2005
  
$5.57000
  
1.7174
  
-0.0054
  
0.0000
  
4/6/2005
  
$5.60000
  
1.7228
  
0.0000
  
0.0000
  
4/5/2005
  
$5.60000
  
1.7228
  
-0.0334
  
0.0011
  
4/4/2005
  
$5.79000
  
1.7561
  
-0.0120
  
0.0001
  
4/1/2005
  
$5.86000
  
1.7681
  
-0.0068
  
0.0000
  
3/31/2005
  
$5.90000
  
1.7750
  
-0.0101
  
0.0001
  
3/30/2005
  
$5.96000
  
1.7851
  
-0.0067
  
0.0000
  
3/29/2005
  
$6.00000
  
1.7918
  
0.0033
  
0.0000
  
3/28/2005
  
$5.98000
  
1.7884
  
0.0084
  
0.0001
  
3/24/2005
  
$5.93000
  
1.7800
  
0.0051
  
0.0000
  
3/23/2005
  
$5.90000
  
1.7750
  
-0.0118
  
0.0001
  
3/22/2005
  
$5.97000
  
1.7867
  
0.0152
  
0.0002
  
3/21/2005
  
$5.88000
  
1.7716
  
-0.0135
  
0.0002
  
3/18/2005
  
$5.96000
  
1.7851
  
-0.0084
  
0.0001
  
3/17/2005
  
$6.01000
  
1.7934
  
0.0033
  
0.0000
  
3/16/2005
  
$5.99000
  
1.7901
  
-0.0100
  
0.0001
  
3/15/2005
  
$6.05000
  
1.8001
  
0.0000
  
0.0000
  
3/14/2005
  
$6.05000
  
1.8001
  
-0.0082
  
0.0001
  
3/11/2005
  
$6.10000
  
1.8083
  
0.0033
  
0.0000
  
3/10/2005
  
$6.08000
  
1.8050
  
-0.0114
  
0.0001
  
3/9/2005
  
$6.15000
  
1.8165
  
-0.0193
  
0.0004
  
3/8/2005
  
$6.27000
  
1.8358
  
0.0032
  
0.0000
  
3/7/2005
  
$6.25000
  
1.8326
  
-0.0064
  
0.0000
  
3/4/2005
  
$6.29000
  
1.8390
  
0.0000
  
0.0000
  
3/3/2005
  
$6.29000
  
1.8390
  
0.0225
  
0.0005
  
3/2/2005
  
$6.15000
  
1.8165
  
-0.0049
  
0.0000
  
3/1/2005
  
$6.18000
  
1.8213
  
-0.0032
  
0.0000
  
2/28/2005
  
$6.20000
  
1.8245
  
0.0016
  
0.0000
  
2/25/2005
  
$6.19000
  
1.8229
  
-0.0160
  
0.0003
  
2/24/2005
  
$6.29000
  
1.8390
  
0.0225
  
0.0005
  
2/23/2005
  
$6.15000
  
1.8165
  
0.0197
  
0.0004
  
2/22/2005
  
$6.03000
  
1.7967
  
-0.0501
  
0.0025
  
2/18/2005
  
$6.34000
  
1.8469
  
-0.0016
  
0.0000
  
2/17/2005
  
$6.35000
  
1.8485
  
-0.0078
  
0.0001
  
2/16/2005
  
$6.40000
  
1.8563
  
0.0063
  
0.0000
  
2/15/2005
  
$6.36000
  
1.8500
  
-0.0063
  
0.0000
  
2/14/2005
  
$6.40000
  
1.8563
  
0.0031
  
0.0000
  
 
 
 
                                                                
Culp, Inc. STOCK PRICE VOLATILITY   Page:  10
 
FROM 6/25/2004 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:55:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
2/11/2005
  
$6.38000
  
1.8532
  
0.0110
  
0.0001
  
2/10/2005
  
$6.31000
  
1.8421
  
0.0032
  
0.0000
  
2/9/2005
  
$6.29000
  
1.8390
  
0.0000
  
0.0000
  
2/8/2005
  
$6.29000
  
1.8390
  
-0.0048
  
0.0000
  
2/7/2005
  
$6.32000
  
1.8437
  
-0.0047
  
0.0000
  
2/4/2005
  
$6.35000
  
1.8485
  
-0.0218
  
0.0005
  
2/3/2005
  
$6.49000
  
1.8703
  
0.0000
  
0.0000
  
2/2/2005
  
$6.49000
  
1.8703
  
-0.0092
  
0.0001
  
2/1/2005
  
$6.55000
  
1.8795
  
0.0389
  
0.0015
  
1/31/2005
  
$6.30000
  
1.8405
  
-0.0142
  
0.0002
  
1/28/2005
  
$6.39000
  
1.8547
  
0.0302
  
0.0009
  
1/27/2005
  
$6.20000
  
1.8245
  
-0.0048
  
0.0000
  
1/26/2005
  
$6.23000
  
1.8294
  
-0.0347
  
0.0012
  
1/25/2005
  
$6.45000
  
1.8641
  
-0.0380
  
0.0015
  
1/24/2005
  
$6.70000
  
1.9021
  
-0.0030
  
0.0000
  
1/21/2005
  
$6.72000
  
1.9051
  
0.0317
  
0.0010
  
1/20/2005
  
$6.51000
  
1.8733
  
0.0015
  
0.0000
  
1/19/2005
  
$6.50000
  
1.8718
  
-0.0153
  
0.0002
  
1/18/2005
  
$6.60000
  
1.8871
  
-0.0225
  
0.0005
  
1/14/2005
  
$6.75000
  
1.9095
  
-0.0220
  
0.0005
  
1/13/2005
  
$6.90000
  
1.9315
  
0.0000
  
0.0000
  
1/12/2005
  
$6.90000
  
1.9315
  
0.0073
  
0.0000
  
1/11/2005
  
$6.85000
  
1.9242
  
-0.0044
  
0.0000
  
1/10/2005
  
$6.88000
  
1.9286
  
0.0058
  
0.0000
  
1/7/2005
  
$6.84000
  
1.9228
  
-0.0015
  
0.0000
  
1/6/2005
  
$6.85000
  
1.9242
  
0.0044
  
0.0000
  
1/5/2005
  
$6.82000
  
1.9199
  
0.0230
  
0.0005
  
1/4/2005
  
$6.66500
  
1.8969
  
-0.0347
  
0.0012
  
1/3/2005
  
$6.90000
  
1.9315
  
0.0175
  
0.0003
  
12/31/2004
  
$6.78000
  
1.9140
  
0.0577
  
0.0033
  
12/30/2004
  
$6.40000
  
1.8563
  
0.0253
  
0.0006
  
12/29/2004
  
$6.24000
  
1.8310
  
-0.0064
  
0.0000
  
12/28/2004
  
$6.28000
  
1.8374
  
0.0080
  
0.0001
  
12/27/2004
  
$6.23000
  
1.8294
  
-0.0080
  
0.0001
  
12/23/2004
  
$6.28000
  
1.8374
  
0.0064
  
0.0000
  
12/22/2004
  
$6.24000
  
1.8310
  
0.0064
  
0.0000
  
12/21/2004
  
$6.20000
  
1.8245
  
0.0032
  
0.0000
  
12/20/2004
  
$6.18000
  
1.8213
  
-0.0032
  
0.0000
  
12/17/2004
  
$6.20000
  
1.8245
  
-0.0080
  
0.0001
  
12/16/2004
  
$6.25000
  
1.8326
  
0.0096
  
0.0001
  
12/15/2004
  
$6.19000
  
1.8229
  
0.0032
  
0.0000
  
12/14/2004
  
$6.17000
  
1.8197
  
-0.0016
  
0.0000
  
12/13/2004
  
$6.18000
  
1.8213
  
0.0000
  
0.0000
  
12/10/2004
  
$6.18000
  
1.8213
  
0.0000
  
0.0000
  
12/9/2004
  
$6.18000
  
1.8213
  
0.0000
  
0.0000
  
12/8/2004
  
$6.18000
  
1.8213
  
0.0098
  
0.0001
  
12/7/2004
  
$6.12000
  
1.8116
  
0.0016
  
0.0000
  
12/6/2004
  
$6.11000
  
1.8099
  
-0.0146
  
0.0002
  
12/3/2004
  
$6.20000
  
1.8245
  
0.0049
  
0.0000
  
12/2/2004
  
$6.17000
  
1.8197
  
0.0213
  
0.0004
  
12/1/2004
  
$6.04000
  
1.7984
  
0.0033
  
0.0000
  
11/30/2004
  
$6.02000
  
1.7951
  
-0.0116
  
0.0001
  
11/29/2004
  
$6.09000
  
1.8066
  
-0.0098
  
0.0001
  
11/26/2004
  
$6.15000
  
1.8165
  
0.0098
  
0.0001
  
11/24/2004
  
$6.09000
  
1.8066
  
-0.0065
  
0.0000
  
11/23/2004
  
$6.13000
  
1.8132
  
-0.0162
  
0.0003
  
11/22/2004
  
$6.23000
  
1.8294
  
-0.0159
  
0.0003
  
11/19/2004
  
$6.33000
  
1.8453
  
-0.0110
  
0.0001
  
11/18/2004
  
$6.40000
  
1.8563
  
0.0546
  
0.0030
  
11/17/2004
  
$6.06000
  
1.8017
  
0.0100
  
0.0001
  
11/16/2004
  
$6.00000
  
1.7918
  
0.0000
  
0.0000
  
11/15/2004
  
$6.00000
  
1.7918
  
-0.0132
  
0.0002
  
11/12/2004
  
$6.08000
  
1.8050
  
0.0016
  
0.0000
  
11/11/2004
  
$6.07000
  
1.8034
  
0.0166
  
0.0003
  
11/10/2004
  
$5.97000
  
1.7867
  
0.0101
  
0.0001
  
11/9/2004
  
$5.91000
  
1.7766
  
0.0902
  
0.0081
  
 
 
                                                                
Culp, Inc. STOCK PRICE VOLATILITY   Page:  11
 
FROM 6/25/2004 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:55:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
11/8/2004
  
$5.40000
  
1.6864
  
0.0770
  
0.0059
  
11/5/2004
  
$5.00000
  
1.6094
  
-0.0583
  
0.0034
  
11/4/2004
  
$5.30000
  
1.6677
  
-0.0316
  
0.0010
  
11/3/2004
  
$5.47000
  
1.6993
  
-0.0412
  
0.0017
  
11/2/2004
  
$5.70000
  
1.7405
  
-0.0105
  
0.0001
  
11/1/2004
  
$5.76000
  
1.7509
  
-0.0408
  
0.0017
  
10/29/2004
  
$6.00000
  
1.7918
  
0.0000
  
0.0000
  
10/28/2004
  
$6.00000
  
1.7918
  
-0.0953
  
0.0091
  
10/27/2004
  
$6.60000
  
1.8871
  
0.0122
  
0.0001
  
10/26/2004
  
$6.52000
  
1.8749
  
-0.0435
  
0.0019
  
10/25/2004
  
$6.81000
  
1.9184
  
-0.0131
  
0.0002
  
10/22/2004
  
$6.90000
  
1.9315
  
0.0015
  
0.0000
  
10/21/2004
  
$6.89000
  
1.9301
  
0.0220
  
0.0005
  
10/20/2004
  
$6.74000
  
1.9081
  
-0.0292
  
0.0009
  
10/19/2004
  
$6.94000
  
1.9373
  
-0.0256
  
0.0007
  
10/18/2004
  
$7.12000
  
1.9629
  
-0.0042
  
0.0000
  
10/15/2004
  
$7.15000
  
1.9671
  
-0.0014
  
0.0000
  
10/14/2004
  
$7.16000
  
1.9685
  
0.0000
  
0.0000
  
10/13/2004
  
$7.16000
  
1.9685
  
-0.0194
  
0.0004
  
10/12/2004
  
$7.30000
  
1.9879
  
0.0152
  
0.0002
  
10/11/2004
  
$7.19000
  
1.9727
  
0.0000
  
0.0000
  
10/8/2004
  
$7.19000
  
1.9727
  
-0.0028
  
0.0000
  
10/7/2004
  
$7.21000
  
1.9755
  
-0.0233
  
0.0006
  
10/6/2004
  
$7.38000
  
1.9988
  
0.0359
  
0.0013
  
10/5/2004
  
$7.12000
  
1.9629
  
-0.0112
  
0.0001
  
10/4/2004
  
$7.20000
  
1.9741
  
-0.0233
  
0.0006
  
10/1/2004
  
$7.37000
  
1.9974
  
0.0027
  
0.0000
  
9/30/2004
  
$7.35000
  
1.9947
  
0.0137
  
0.0002
  
9/29/2004
  
$7.25000
  
1.9810
  
-0.0069
  
0.0001
  
9/28/2004
  
$7.30000
  
1.9879
  
-0.0109
  
0.0001
  
9/27/2004
  
$7.38000
  
1.9988
  
0.0219
  
0.0005
  
9/24/2004
  
$7.22000
  
1.9769
  
-0.0028
  
0.0000
  
9/23/2004
  
$7.24000
  
1.9796
  
-0.0014
  
0.0000
  
9/22/2004
  
$7.25000
  
1.9810
  
0.0028
  
0.0000
  
9/21/2004
  
$7.23000
  
1.9782
  
0.0042
  
0.0000
  
9/20/2004
  
$7.20000
  
1.9741
  
-0.0097
  
0.0001
  
9/17/2004
  
$7.27000
  
1.9838
  
0.0000
  
0.0000
  
9/16/2004
  
$7.27000
  
1.9838
  
-0.0177
  
0.0003
  
9/15/2004
  
$7.40000
  
2.0015
  
0.0027
  
0.0000
  
9/14/2004
  
$7.38000
  
1.9988
  
0.0000
  
0.0000
  
9/13/2004
  
$7.38000
  
1.9988
  
-0.0041
  
0.0000
  
9/10/2004
  
$7.41000
  
2.0028
  
0.0014
  
0.0000
  
9/9/2004
  
$7.40000
  
2.0015
  
-0.0201
  
0.0004
  
9/8/2004
  
$7.55000
  
2.0215
  
0.0187
  
0.0003
  
9/7/2004
  
$7.41000
  
2.0028
  
-0.0121
  
0.0002
  
9/3/2004
  
$7.50000
  
2.0149
  
0.0080
  
0.0001
  
9/2/2004
  
$7.44000
  
2.0069
  
-0.0239
  
0.0006
  
9/1/2004
  
$7.62000
  
2.0308
  
0.0039
  
0.0000
  
8/31/2004
  
$7.59000
  
2.0268
  
-0.0013
  
0.0000
  
8/30/2004
  
$7.60000
  
2.0281
  
-0.0066
  
0.0000
  
8/27/2004
  
$7.65000
  
2.0347
  
0.0039
  
0.0000
  
8/26/2004
  
$7.62000
  
2.0308
  
0.0429
  
0.0018
  
8/25/2004
  
$7.30000
  
1.9879
  
-0.0403
  
0.0016
  
8/24/2004
  
$7.60000
  
2.0281
  
-0.0092
  
0.0001
  
8/23/2004
  
$7.67000
  
2.0373
  
-0.0104
  
0.0001
  
8/20/2004
  
$7.75000
  
2.0477
  
-0.0039
  
0.0000
  
8/19/2004
  
$7.78000
  
2.0516
  
0.0013
  
0.0000
  
8/18/2004
  
$7.77000
  
2.0503
  
-0.0013
  
0.0000
  
8/17/2004
  
$7.78000
  
2.0516
  
0.0039
  
0.0000
  
8/16/2004
  
$7.75000
  
2.0477
  
0.0000
  
0.0000
  
8/13/2004
  
$7.75000
  
2.0477
  
0.0065
  
0.0000
  
8/12/2004
  
$7.70000
  
2.0412
  
0.0065
  
0.0000
  
8/11/2004
  
$7.65000
  
2.0347
  
-0.0156
  
0.0002
  
8/10/2004
  
$7.77000
  
2.0503
  
0.0221
  
0.0005
  
8/9/2004
  
$7.60000
  
2.0281
  
-0.0195
  
0.0004
  
8/6/2004
  
$7.75000
  
2.0477
  
0.0000
  
0.0000
  
 
 
 
                                                                
Culp, Inc. STOCK PRICE VOLATILITY   Page:  12
 
FROM 6/25/2004 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:55:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
8/5/2004
  
$7.75000
  
2.0477
  
0.0000
  
0.0000
  
8/4/2004
  
$7.75000
  
2.0477
  
-0.0013
  
0.0000
  
8/3/2004
  
$7.76000
  
2.0490
  
0.0000
  
0.0000
  
8/2/2004
  
$7.76000
  
2.0490
  
-0.0051
  
0.0000
  
7/30/2004
  
$7.80000
  
2.0541
  
0.0064
  
0.0000
  
7/29/2004
  
$7.75000
  
2.0477
  
-0.0090
  
0.0001
  
7/28/2004
  
$7.82000
  
2.0567
  
0.0285
  
0.0008
  
7/27/2004
  
$7.60000
  
2.0281
  
-0.0131
  
0.0002
  
7/26/2004
  
$7.70000
  
2.0412
  
-0.0231
  
0.0005
  
7/23/2004
  
$7.88000
  
2.0643
  
-0.0076
  
0.0001
  
7/22/2004
  
$7.94000
  
2.0719
  
-0.0075
  
0.0001
  
7/21/2004
  
$8.00000
  
2.0794
  
-0.0062
  
0.0000
  
7/20/2004
  
$8.05000
  
2.0857
  
-0.0123
  
0.0002
  
7/19/2004
  
$8.15000
  
2.0980
  
-0.0110
  
0.0001
  
7/16/2004
  
$8.24000
  
2.1090
  
0.0358
  
0.0013
  
7/15/2004
  
$7.95000
  
2.0732
  
-0.0075
  
0.0001
  
7/14/2004
  
$8.01000
  
2.0807
  
0.0113
  
0.0001
  
7/13/2004
  
$7.92000
  
2.0694
  
0.0127
  
0.0002
  
7/12/2004
  
$7.82000
  
2.0567
  
-0.0127
  
0.0002
  
7/9/2004
  
$7.92000
  
2.0694
  
0.0089
  
0.0001
  
7/8/2004
  
$7.85000
  
2.0605
  
0.0000
  
0.0000
  
7/7/2004
  
$7.85000
  
2.0605
  
-0.0063
  
0.0000
  
7/6/2004
  
$7.90000
  
2.0669
  
-0.0025
  
0.0000
  
7/2/2004
  
$7.92000
  
2.0694
  
0.0076
  
0.0001
  
7/1/2004
  
$7.86000
  
2.0618
  
0.0102
  
0.0001
  
6/30/2004
  
$7.78000
  
2.0516
  
0.0013
  
0.0000
  
6/29/2004
  
$7.77000
  
2.0503
  
0.0340
  
0.0011
  
6/28/2004
  
$7.51000
  
2.0162
  
0.0094
  
0.0001
  
6/25/2004
  
$7.44000
  
2.0069
  
0.0000
  
0.0000
  
 
 
Daily Variance          =          0.0006
Annual Variance       =          0.1489
Volatility                  =          0.3859
 
 
Schedule B
                                                                
Culp, Inc. STOCK PRICE VOLATILITY   Page:  1
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
6/25/2007
  
$8.75000
  
2.1691
  
0.0243
  
0.0006
  
6/22/2007
  
$8.54000
  
2.1448
  
-0.0334
  
0.0011
  
6/21/2007
  
$8.83000
  
2.1782
  
0.0475
  
0.0023
  
6/20/2007
  
$8.42000
  
2.1306
  
-0.0886
  
0.0078
  
6/19/2007
  
$9.20000
  
2.2192
  
0.0651
  
0.0042
  
6/18/2007
  
$8.62000
  
2.1541
  
-0.0081
  
0.0001
  
6/15/2007
  
$8.69000
  
2.1622
  
0.0162
  
0.0003
  
6/14/2007
  
$8.55000
  
2.1459
  
0.0285
  
0.0008
  
6/13/2007
  
$8.31000
  
2.1175
  
-0.0226
  
0.0005
  
6/12/2007
  
$8.50000
  
2.1401
  
-0.0426
  
0.0018
  
6/11/2007
  
$8.87000
  
2.1827
  
0.0251
  
0.0006
  
6/8/2007
  
$8.65000
  
2.1576
  
-0.0195
  
0.0004
  
6/7/2007
  
$8.82000
  
2.1770
  
-0.0124
  
0.0002
  
6/6/2007
  
$8.93000
  
2.1894
  
0.01 35
  
0.0002
  
6/5/2007
  
$8.81000
  
2.1759
  
-0.0302
  
0.0009
  
6/4/2007
  
$9.08000
  
2.2061
  
0.0055
  
0.0000
  
6/1/2007
  
$9.03000
  
2.2006
  
0.0258
  
0.0007
  
5/31/2007
  
$8.80000
  
2.1748
  
-0.0079
  
0.0001
  
5/30/2007
  
$8.87000
  
2.1827
  
-0.0134
  
0.0002
  
5/29/2007
  
$8.99000
  
2.1961
  
0.0000
  
0.0000
  
5/25/2007
  
$8.99000
  
2.1961
  
0.0328
  
0.0011
  
5/24/2007
  
$8.70000
  
2.1633
  
0.0058
  
0.0000
  
5/23/2007
  
$8.65000
  
2.1576
  
0.0128
  
0.0002
  
5/22/2007
  
$8.54000
  
2.1448
  
0.0130
  
0.0002
  
5/21/2007
  
$8.43000
  
2.1318
  
0.0095
  
0.0001
  
5/18/2007
  
$8.35000
  
2.1223
  
0.0072
  
0.0001
  
5/17/2007
  
$8.29000
  
2.1150
  
-0.0108
  
0.0001
  
5/16/2007
  
$8.38000
  
2.1258
  
-0.0166
  
0.0003
  
5/15/2007
  
$8.52000
  
2.1424
  
-0.0047
  
0.0000
  
5/14/2007
  
$8.56000
  
2.1471
  
-0.0151
  
0.0002
  
5/11/2007
  
$8.69000
  
2.1622
  
0.0058
  
0.0000
  
5/10/2007
  
$8.64000
  
2.1564
  
-0.0508
  
0.0026
  
5/9/2007
  
$9.09000
  
2.2072
  
0.0100
  
0.0001
  
5/8/2007
  
$9.00000
  
2.1972
  
0.0000
  
0.0000
  
5/7/2007
  
$9.00000
  
2.1972
  
0.0000
  
0.0000
  
5/4/2007
  
$9.00000
  
2.1972
  
0.0011
  
0.0000
  
5/3/2007
  
$8.99000
  
2.1961
  
0.0101
  
0.0001
  
5/2/2007
  
$8.90000
  
2.1861
  
0.0056
  
0.0000
  
5/1/2007
  
$8.85000
  
2.1804
  
-0.0168
  
0.0003
  
4/30/2007
  
$9.00000
  
2.1972
  
0.0572
  
0.0033
  
4/27/2007
  
$8.50000
  
2.1401
  
0.0238
  
0.0006
  
4/26/2007
  
$8.30000
  
2.1163
  
0.0060
  
0.0000
  
4/25/2007
  
$8.25000
  
2.1102
  
-0.0097
  
0.0001
  
4/24/2007
  
$8.33000
  
2.1199
  
0.0145
  
0.0002
  
4/23/2007
  
$8.21000
  
2.1054
  
0.0147
  
0.0002
  
4/20/2007
  
$8.09000
  
2.0906
  
0.0062
  
0.0000
  
4/19/2007
  
$8.04000
  
2.0844
  
0.0113
  
0.0001
  
4/18/2007
  
$7.95000
  
2.0732
  
-0.0063
  
0.0000
  
4/17/2007
  
$8.00000
  
2.0794
  
0.0395
  
0.0016
  
4/16/2007
  
$7.69000
  
2.0399
  
0.0317
  
0.0010
  
4/13/2007
  
$7.45000
  
2.0082
  
0.0327
  
0.0011
  
4/12/2007
  
$7.21000
  
1.9755
  
-0.0014
  
0.0000
  
4/11/2007
  
$7.22000
  
1.9769
  
0.0014
  
0.0000
  
4/10/2007
  
$7.21000
  
1.9755
  
-0.0192
  
0.0004
  
4/9/2007
  
$7.35000
  
1.9947
  
0.0290
  
0.0008
  
4/5/2007
  
$7.14000
  
1.9657
  
0.0488
  
0.0024
  
4/4/2007
  
$6.80000
  
1.9169
  
-0.0304
  
0.0009
  
4/3/2007
  
$7.01000
  
1.9473
  
0.0014
  
0.0000
  
4/2/2007
  
$7.00000
  
1.9459
  
0.0000
  
0.0000
  
3/30/2007
  
$7.00000
  
1.9459
  
-0.0114
  
0.0001
  
3/29/2007
  
$7.08000
  
1.9573
  
-0.0237
  
0.0006
  
3/28/2007
  
$7.25000
  
1.9810
  
-0.0151
  
0.0002
  
3/27/2007
  
$7.36000
  
1.9961
  
0.0041
  
0.0000
  
3/26/2007
  
$7.33000
  
1.9920
  
0.0068
  
0.0000
  
3/23/2007
  
$7.28000
  
1.9851
  
-0.0055
  
0.0000
  
3/22/2007
  
$7.32000
  
1.9906
  
0.0069
  
0.0000
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  2
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
3/21/2007
  
$7.27000
  
1.9838
  
0.0028
  
0.0000
  
3/20/2007
  
$7.25000
  
1.9810
  
0.0083
  
0.0001
  
3/19/2007
  
$7.19000
  
1.9727
  
-0.0042
  
0.0000
  
3/16/2007
  
$7.22000
  
1.9769
  
0.0210
  
0.0004
  
3/15/2007
  
$7.07000
  
1.9559
  
0.0345
  
0.0012
  
3/14/2007
  
$6.83000
  
1.9213
  
-0.0260
  
0.0007
  
3/13/2007
  
$7.01000
  
1.9473
  
0.0393
  
0.0015
  
3/12/2007
  
$6.74000
  
1.9081
  
-0.0839
  
0.0070
  
3/9/2007
  
$7.33000
  
1.9920
  
0.0165
  
0.0003
  
3/8/2007
  
$7.21000
  
1.9755
  
0.0600
  
0.0036
  
3/7/2007
  
$6.79000
  
1.9155
  
-0.0132
  
0.0002
  
3/6/2007
  
$6.88000
  
1.9286
  
-0.0058
  
0.0000
  
3/5/2007
  
$6.92000
  
1.9344
  
0.0219
  
0.0005
  
3/2/2007
  
$6.77000
  
1.9125
  
0.0239
  
0.0006
  
3/1/2007
  
$6.61000
  
1.8886
  
0.0000
  
0.0000
  
2/28/2007
  
$6.61000
  
1.8886
  
-0.0357
  
0.0013
  
2/27/2007
  
$6.85000
  
1.9242
  
0.0015
  
0.0000
  
2/26/2007
  
$6.84000
  
1.9228
  
0.0015
  
0.0000
  
2/23/2007
  
$6.83000
  
1.9213
  
0.0073
  
0.0001
  
2/22/2007
  
$6.78000
  
1.9140
  
0.0000
  
0.0000
  
2/21/2007
  
$6.78000
  
1.9140
  
0.0015
  
0.0000
  
2/20/2007
  
$6.77000
  
1.9125
  
0.0059
  
0.0000
  
2/16/2007
  
$6.73000
  
1.9066
  
0.0000
  
0.0000
  
2/15/2007
  
$6.73000
  
1.9066
  
0.0225
  
0.0005
  
2/14/2007
  
$6.58000
  
1.8840
  
0.0403
  
0.0016
  
2/13/2007
  
$6.32000
  
1.8437
  
-0.0357
  
0.0013
  
2/12/2007
  
$6.55000
  
1.8795
  
-0.0286
  
0.0008
  
2/9/2007
  
$6.74000
  
1.9081
  
0.0210
  
0.0004
  
2/8/2007
  
$6.60000
  
1.8871
  
0.0030
  
0.0000
  
2/7/2007
  
$6.58000
  
1.8840
  
-0.0045
  
0.0000
  
2/6/2007
  
$6.61000
  
1.8886
  
0.01 06
  
0.0001
  
2/5/2007
  
$6.54000
  
1.8779
  
-0.0091
  
0.0001
  
2/2/2007
  
$6.60000
  
1.8871
  
0.0137
  
0.0002
  
2/1/2007
  
$6.51000
  
1.8733
  
0.0093
  
0.0001
  
1/31/2007
  
$6.45000
  
1.8641
  
-0.0062
  
0.0000
  
1/30/2007
  
$6.49000
  
1.8703
  
0.0297
  
0.0009
  
1/29/2007
  
$6.30000
  
1.8405
  
0.0144
  
0.0002
  
1/26/2007
  
$6.21000
  
1.8262
  
-0.0144
  
0.0002
  
1/25/2007
  
$6.30000
  
1.8405
  
-0.0837
  
0.0070
  
1/24/2007
  
$6.85000
  
1.9242
  
0.0251
  
0.0006
  
1/23/2007
  
$6.68000
  
1.8991
  
0.0381
  
0.0015
  
1/22/2007
  
$6.43000
  
1.8610
  
-0.0047
  
0.0000
  
1/19/2007
  
$6.46000
  
1.8656
  
0.0000
  
0.0000
  
1/18/2007
  
$6.46000
  
1.8656
  
0.0314
  
0.0010
  
1/17/2007
  
$6.26000
  
1.8342
  
0.0096
  
0.0001
  
1/16/2007
  
$6.20000
  
1.8245
  
0.0000
  
0.0000
  
1/12/2007
  
$6.20000
  
1.8245
  
0.0911
  
0.0083
  
1/11/2007
  
$5.66000
  
1.7334
  
0.0396
  
0.0016
  
1/10/2007
  
$5.44000
  
1.6938
  
-0.0379
  
0.0014
  
1/9/2007
  
$5.65000
  
1.7317
  
0.0342
  
0.0012
  
1/8/2007
  
$5.46000
  
1.6974
  
-0.0109
  
0.0001
  
1/5/2007
  
$5.52000
  
1.7084
  
0.0313
  
0.0010
  
1/4/2007
  
$5.35000
  
1.6771
  
0.0284
  
0.0008
  
1/3/2007
  
$5.20000
  
1.6487
  
0.0097
  
0.0001
  
12/29/2006
  
$5.15000
  
1.6390
  
-0.0019
  
0.0000
  
12/28/2006
  
$5.16000
  
1.6409
  
0.0097
  
0.0001
  
12/27/2006
  
$5.11000
  
1.6312
  
0.0218
  
0.0005
  
12/26/2006
  
$5.00000
  
1.6094
  
-0.0237
  
0.0006
  
12/22/2006
  
$5.12000
  
1.6332
  
-0.0039
  
0.0000
  
12/21/2006
  
$5.14000
  
1.6371
  
0.0177
  
0.0003
  
12/20/2006
  
$5.05000
  
1.6194
  
-0.0293
  
0.0009
  
12/19/2006
  
$5.20000
  
1.6487
  
-0.0019
  
0.0000
  
12/18/2006
  
$5.21000
  
1.6506
  
0.0613
  
0.0038
  
12/15/2006
  
$4.90000
  
1.5892
  
0.0144
  
0.0002
  
12/14/2006
  
$4.83000
  
1.5748
  
-0.0041
  
0.0000
  
12/13/2006
  
$4.85000
  
1.5790
  
-0.0123
  
0.0002
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  3
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
12/12/2006
  
$4.91000
  
1.5913
  
-0.0041
  
0.0000
  
12/11/2006
  
$4.93000
  
1.5953
  
0.0606
  
0.0037
  
12/8/2006
  
$4.64000
  
1.5347
  
0.0418
  
0.0017
  
12/7/2006
  
$4.45000
  
1.4929
  
-0.0418
  
0.0017
  
12/6/2006
  
$4.64000
  
1.5347
  
-0.0234
  
0.0005
  
12/5/2006
  
$4.75000
  
1.5581
  
-0.0208
  
0.0004
  
12/4/2006
  
$4.85000
  
1.5790
  
0.0083
  
0.0001
  
12/1/2006
  
$4.81000
  
1.5707
  
-0.0246
  
0.0006
  
11/30/2006
  
$4.93000
  
1.5953
  
-0.0141
  
0.0002
  
11/29/2006
  
$5.00000
  
1.6094
  
0.0040
  
0.0000
  
11/28/2006
  
$4.98000
  
1.6054
  
-0.0258
  
0.0007
  
11/27/2006
  
$5.11000
  
1.6312
  
-0.0020
  
0.0000
  
11/24/2006
  
$5.12000
  
1.6332
  
-0.0058
  
0.0000
  
11/22/2006
  
$5.15000
  
1.6390
  
-0.0019
  
0.0000
  
11/21/2006
  
$5.16000
  
1.6409
  
0.0000
  
0.0000
  
11/20/2006
  
$5.16000
  
1.6409
  
-0.0230
  
0.0005
  
11/17/2006
  
$5.28000
  
1.6639
  
-0.0075
  
0.0001
  
11/16/2006
  
$5.32000
  
1.6715
  
0.0171
  
0.0003
  
11/15/2006
  
$5.23000
  
1.6544
  
0.0058
  
0.0000
  
11/14/2006
  
$5.20000
  
1.6487
  
-0.0359
  
0.0013
  
11/13/2006
  
$5.39000
  
1.6845
  
0.0320
  
0.0010
  
11/10/2006
  
$5.22000
  
1.6525
  
-0.0246
  
0.0006
  
11/9/2006
  
$5.35000
  
1.6771
  
0.0189
  
0.0004
  
11/8/2006
  
$5.25000
  
1.6582
  
0.0000
  
0.0000
  
11/7/2006
  
$5.25000
  
1.6582
  
0.0212
  
0.0004
  
11/6/2006
  
$5.14000
  
1.6371
  
-0.0212
  
0.0004
  
11/3/2006
  
$5.25000
  
1.6582
  
0.0000
  
0.0000
  
11/2/2006
  
$5.25000
  
1.6582
  
0.0115
  
0.0001
  
11/1/2006
  
$5.19000
  
1.6467
  
-0.0019
  
0.0000
  
10/31/2006
  
$5.20000
  
1.6487
  
-0.0134
  
0.0002
  
10/30/2006
  
$5.27000
  
1.6620
  
-0.0391
  
0.0015
  
10/27/2006
  
$5.48000
  
1.7011
  
0.0429
  
0.0018
  
10/26/2006
  
$5.25000
  
1.6582
  
-0.0392
  
0.0015
  
10/25/2006
  
$5.46000
  
1.6974
  
-0.0181
  
0.0003
  
10/24/2006
  
$5.56000
  
1.7156
  
0.0072
  
0.0001
  
10/23/2006
  
$5.52000
  
1.7084
  
-0.0197
  
0.0004
  
10/20/2006
  
$5.63000
  
1.7281
  
-0.0035
  
0.0000
  
10/19/2006
  
$5.65000
  
1.7317
  
0.0071
  
0.0001
  
10/18/2006
  
$5.61000
  
1.7246
  
0.0126
  
0.0002
  
10/17/2006
  
$5.54000
  
1.7120
  
0.0164
  
0.0003
  
10/16/2006
  
$5.45000
  
1.6956
  
-0.0236
  
0.0006
  
10/13/2006
  
$5.58000
  
1.7192
  
0.0144
  
0.0002
  
10/12/2006
  
$5.50000
  
1.7047
  
0.0147
  
0.0002
  
10/11/2006
  
$5.42000
  
1.6901
  
0.0056
  
0.0000
  
10/10/2006
  
$5.39000
  
1.6845
  
-0.0092
  
0.0001
  
10/9/2006
  
$5.44000
  
1.6938
  
0.0204
  
0.0004
  
10/6/2006
  
$5.33000
  
1.6734
  
-0.0167
  
0.0003
  
10/5/2006
  
$5.42000
  
1.6901
  
0.0149
  
0.0002
  
10/4/2006
  
$5.34000
  
1.6752
  
0.0189
  
0.0004
  
10/3/2006
  
$5.24000
  
1.6563
  
-0.0319
  
0.0010
  
10/2/2006
  
$5.41000
  
1.6882
  
-0.0110
  
0.0001
  
9/29/2006
  
$5.47000
  
1.6993
  
0.0335
  
0.0011
  
9/28/2006
  
$5.29000
  
1.6658
  
0.0210
  
0.0004
  
9/27/2006
  
$5.18000
  
1.6448
  
0.0117
  
0.0001
  
9/26/2006
  
$5.12000
  
1.6332
  
-0.0039
  
0.0000
  
9/25/2006
  
$5.14000
  
1.6371
  
-0.0154
  
0.0002
  
9/22/2006
  
$5.22000
  
1.6525
  
-0.0076
  
0.0001
  
9/21/2006
  
$5.26000
  
1.6601
  
0.0000
  
0.0000
  
9/20/2006
  
$5.26000
  
1.6601
  
0.0270
  
0.0007
  
9/19/2006
  
$5.12000
  
1.6332
  
-0.0364
  
0.0013
  
9/18/2006
  
$5.31000
  
1.6696
  
0.0133
  
0.0002
  
9/15/2006
  
$5.24000
  
1.6563
  
-0.0301
  
0.0009
  
9/14/2006
  
$5.40000
  
1.6864
  
0.0130
  
0.0002
  
9/13/2006
  
$5.33000
  
1.6734
  
0.0189
  
0.0004
  
9/12/2006
  
$5.23000
  
1.6544
  
0.0000
  
0.0000
  
9/11/2006
  
$5.23000
  
1.6544
  
-0.0503
  
0.0025
  
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  4
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
9/8/2006
  
$5.50000
  
1.7047
  
0.0599
  
0.0036
  
9/7/2006
  
$5.18000
  
1.6448
  
0.0354
  
0.0013
  
9/6/2006
  
$5.00000
  
1.6094
  
-0.0080
  
0.0001
  
9/5/2006
  
$5.04000
  
1.6174
  
-0.0408
  
0.0017
  
9/1/2006
  
$5.25000
  
1.6582
  
0.0310
  
0.0010
  
8/31/2006
  
$5.09000
  
1.6273
  
-0.0811
  
0.0066
  
8/30/2006
  
$5.52000
  
1.7084
  
-0.0321
  
0.0010
  
8/29/2006
  
$5.70000
  
1.7405
  
-0.0429
  
0.0018
  
8/28/2006
  
$5.95000
  
1.7834
  
0.0051
  
0.0000
  
8/25/2006
  
$5.92000
  
1.7783
  
0.0379
  
0.0014
  
8/24/2006
  
$5.70000
  
1.7405
  
-0.0243
  
0.0006
  
8/23/2006
  
$5.84000
  
1.7647
  
0.0017
  
0.0000
  
8/22/2006
  
$5.83000
  
1.7630
  
0.0226
  
0.0005
  
8/21/2006
  
$5.70000
  
1.7405
  
0.1451
  
0.0211
  
8/18/2006
  
$4.93000
  
1.5953
  
0.0226
  
0.0005
  
8/17/2006
  
$4.82000
  
1.5728
  
-0.0266
  
0.0007
  
8/16/2006
  
$4.95000
  
1.5994
  
-0.0080
  
0.0001
  
8/15/2006
  
$4.99000
  
1.6074
  
0.0388
  
0.0015
  
8/14/2006
  
$4.80000
  
1.5686
  
-0.0488
  
0.0024
  
8/11/2006
  
$5.04000
  
1.6174
  
0.0000
  
0.0000
  
8/10/2006
  
$5.04000
  
1.6174
  
-0.0020
  
0.0000
  
8/9/2006
  
$5.05000
  
1.6194
  
-0.0099
  
0.0001
  
8/8/2006
  
$5.10000
  
1.6292
  
-0.0059
  
0.0000
  
8/7/2006
  
$5.13000
  
1.6351
  
-0.0078
  
0.0001
  
8/4/2006
  
$5.17000
  
1.6429
  
0.0039
  
0.0000
  
8/3/2006
  
$5.15000
  
1.6390
  
-0.0019
  
0.0000
  
8/2/2006
  
$5.16000
  
1.6409
  
0.0117
  
0.0001
  
8/1/2006
  
$5.10000
  
1.6292
  
-0.0175
  
0.0003
  
7/31/2006
  
$5.19000
  
1.6467
  
-0.0304
  
0.0009
  
7/28/2006
  
$5.35000
  
1.6771
  
-0.0634
  
0.0040
  
7/27/2006
  
$5.70000
  
1.7405
  
0.0195
  
0.0004
  
7/26/2006
  
$5.59000
  
1.7210
  
-0.0177
  
0.0003
  
7/25/2006
  
$5.69000
  
1.7387
  
-0.0209
  
0.0004
  
7/24/2006
  
$5.81000
  
1.7596
  
0.0332
  
0.0011
  
7/21/2006
  
$5.62000
  
1.7263
  
-0.0982
  
0.0096
  
7/20/2006
  
$6.20000
  
1.8245
  
-0.0160
  
0.0003
  
7/19/2006
  
$6.30000
  
1.8405
  
0.0306
  
0.0009
  
7/18/2006
  
$6.11000
  
1.8099
  
-0.0065
  
0.0000
  
7/17/2006
  
$6.15000
  
1.8165
  
0.0197
  
0.0004
  
7/14/2006
  
$6.03000
  
1.7967
  
-0.0246
  
0.0006
  
7/13/2006
  
$6.18000
  
1.8213
  
-0.0113
  
0.0001
  
7/12/2006
  
$6.25000
  
1.8326
  
0.0292
  
0.0009
  
7/11/2006
  
$6.07000
  
1.8034
  
0.0455
  
0.0021
  
7/10/2006
  
$5.80000
  
1.7579
  
-0.0747
  
0.0056
  
7/7/2006
  
$6.25000
  
1.8326
  
0.0627
  
0.0039
  
7/6/2006
  
$5.87000
  
1.7699
  
0.0294
  
0.0009
  
7/5/2006
  
$5.70000
  
1.7405
  
0.0822
  
0.0068
  
7/3/2006
  
$5.25000
  
1.6582
  
0.0710
  
0.0050
  
6/30/2006
  
$4.89000
  
1.5872
  
0.0186
  
0.0003
  
6/29/2006
  
$4.80000
  
1.5686
  
0.0535
  
0.0029
  
6/28/2006
  
$4.55000
  
1.5151
  
-0.1082
  
0.0117
  
6/27/2006
  
$5.07000
  
1.6233
  
0.1532
  
0.0235
  
6/26/2006
  
$4.35000
  
1.4702
  
-0.0069
  
0.0000
  
6/23/2006
  
$4.38000
  
1.4770
  
-0.0159
  
0.0003
  
6/22/2006
  
$4.45000
  
1.4929
  
0.0000
  
0.0000
  
6/21/2006
  
$4.45000
  
1.4929
  
-0.0112
  
0.0001
  
6/20/2006
  
$4.50000
  
1.5041
  
0.0000
  
0.0000
  
6/19/2006
  
$4.50000
  
1.5041
  
0.0478
  
0.0023
  
6/16/2006
  
$4.29000
  
1.4563
  
0.0000
  
0.0000
  
6/15/2006
  
$4.29000
  
1.4563
  
-0.0023
  
0.0000
  
6/14/2006
  
$4.30000
  
1.4586
  
-0.0116
  
0.0001
  
6/13/2006
  
$4.35000
  
1.4702
  
-0.0114
  
0.0001
  
6/12/2006
  
$4.40000
  
1.4816
  
0.0000
  
0.0000
  
6/9/2006
  
$4.40000
  
1.4816
  
0.0068
  
0.0000
  
6/8/2006
  
$4.37000
  
1.4748
  
-0.0293
  
0.0009
  
6/7/2006
  
$4.50000
  
1.5041
  
-0.0220
  
0.0005
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  5
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
6/6/2006
  
$4.60000
  
1.5261
  
0.0000
  
0.0000
  
6/5/2006
  
$4.60000
  
1.5261
  
-0.0108
  
0.0001
  
6/2/2006
  
$4.65000
  
1.5369
  
-0.0043
  
0.0000
  
6/1/2006
  
$4.67000
  
1.5412
  
0.0021
  
0.0000
  
5/31/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/30/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/26/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/25/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/24/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/23/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/22/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/19/2006
  
$4.66000
  
1.5390
  
0.0021
  
0.0000
  
5/18/2006
  
$4.65000
  
1.5369
  
0.0000
  
0.0000
  
5/17/2006
  
$4.65000
  
1.5369
  
0.0000
  
0.0000
  
5/16/2006
  
$4.65000
  
1.5369
  
-0.0317
  
0.0010
  
5/15/2006
  
$4.80000
  
1.5686
  
0.0000
  
0.0000
  
5/12/2006
  
$4.80000
  
1.5686
  
0.0211
  
0.0004
  
5/11/2006
  
$4.70000
  
1.5476
  
0.0172
  
0.0003
  
5/10/2006
  
$4.62000
  
1.5304
  
-0.0065
  
0.0000
  
5/9/2006
  
$4.65000
  
1.5369
  
0.0086
  
0.0001
  
5/8/2006
  
$4.61000
  
1.5282
  
-0.0086
  
0.0001
  
5/5/2006
  
$4.65000
  
1.5369
  
0.0086
  
0.0001
  
5/4/2006
  
$4.61000
  
1.5282
  
-0.0108
  
0.0001
  
5/3/2006
  
$4.66000
  
1.5390
  
0.0000
  
0.0000
  
5/2/2006
  
$4.66000
  
1.5390
  
0.0065
  
0.0000
  
5/1/2006
  
$4.63000
  
1.5326
  
-0.0022
  
0.0000
  
4/28/2006
  
$4.64000
  
1.5347
  
-0.0022
  
0.0000
  
4/27/2006
  
$4.65000
  
1.5369
  
-0.0064
  
0.0000
  
4/26/2006
  
$4.68000
  
1.5433
  
0.0043
  
0.0000
  
4/25/2006
  
$4.66000
  
1.5390
  
-0.0107
  
0.0001
  
4/24/2006
  
$4.71000
  
1.5497
  
-0.0127
  
0.0002
  
4/21/2006
  
$4.77000
  
1.5623
  
-0.0431
  
0.0019
  
4/20/2006
  
$4.98000
  
1.6054
  
-0.0040
  
0.0000
  
4/19/2006
  
$5.00000
  
1.6094
  
0.0060
  
0.0000
  
4/18/2006
  
$4.97000
  
1.6034
  
0.0061
  
0.0000
  
4/17/2006
  
$4.94000
  
1.5974
  
0.0041
  
0.0000
  
4/13/2006
  
$4.92000
  
1.5933
  
-0.0121
  
0.0001
  
4/12/2006
  
$4.98000
  
1.6054
  
0.0020
  
0.0000
  
4/11/2006
  
$4.97000
  
1.6034
  
0.0040
  
0.0000
  
4/10/2006
  
$4.95000
  
1.5994
  
-0.0060
  
0.0000
  
4/7/2006
  
$4.98000
  
1.6054
  
-0.0060
  
0.0000
  
4/6/2006
  
$5.01000
  
1.6114
  
0.0325
  
0.0011
  
4/5/2006
  
$4.85000
  
1.5790
  
0.0000
  
0.0000
  
4/4/2006
  
$4.85000
  
1.5790
  
0.0000
  
0.0000
  
4/3/2006
  
$4.85000
  
1.5790
  
0.0000
  
0.0000
  
3/31/2006
  
$4.85000
  
1.5790
  
0.0104
  
0.0001
  
3/30/2006
  
$4.80000
  
1.5686
  
-0.0021
  
0.0000
  
3/29/2006
  
$4.81000
  
1.5707
  
0.0021
  
0.0000
  
3/28/2006
  
$4.80000
  
1.5686
  
-0.0104
  
0.0001
  
3/27/2006
  
$4.85000
  
1.5790
  
-0.0103
  
0.0001
  
3/24/2006
  
$4.90000
  
1.5892
  
-0.0020
  
0.0000
  
3/23/2006
  
$4.91000
  
1.5913
  
-0.0121
  
0.0001
  
3/22/2006
  
$4.97000
  
1.6034
  
-0.0020
  
0.0000
  
3/21/2006
  
$4.98000
  
1.6054
  
0.0000
  
0.0000
  
3/20/2006
  
$4.98000
  
1.6054
  
-0.0060
  
0.0000
  
3/17/2006
  
$5.01000
  
1.6114
  
0.0060
  
0.0000
  
3/16/2006
  
$4.98000
  
1.6054
  
-0.0060
  
0.0000
  
3/15/2006
  
$5.01000
  
1.6114
  
-0.0020
  
0.0000
  
3/14/2006
  
$5.02000
  
1.6134
  
0.0060
  
0.0000
  
3/13/2006
  
$4.99000
  
1.6074
  
0.0000
  
0.0000
  
3/10/2006
  
$4.99000
  
1.6074
  
0.0000
  
0.0000
  
3/9/2006
  
$4.99000
  
1.6074
  
-0.0198
  
0.0004
  
3/8/2006
  
$5.09000
  
1.6273
  
0.0079
  
0.0001
  
3/7/2006
  
$5.05000
  
1.6194
  
0.0100
  
0.0001
  
3/6/2006
  
$5.00000
  
1.6094
  
0.0040
  
0.0000
  
3/3/2006
  
$4.98000
  
1.6054
  
-0.0020
  
0.0000
  
 
 
 
Culp, Inc.
 STOCK PRICE VOLATILITY Page:  6
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
3/2/2006
  
$4.99000
  
1.6074
  
-0.0020
  
0.0000
  
3/1/2006
  
$5.00000
  
1.6094
  
0.0101
  
0.0001
  
2/28/2006
  
$4.95000
  
1.5994
  
-0.0101
  
0.0001
  
2/27/2006
  
$5.00000
  
1.6094
  
0.0598
  
0.0036
  
2/24/2006
  
$4.71000
  
1.5497
  
0.0021
  
0.0000
  
2/23/2006
  
$4.70000
  
1.5476
  
0.0172
  
0.0003
  
2/22/2006
  
$4.62000
  
1.5304
  
-0.0214
  
0.0005
  
2/21/2006
  
$4.72000
  
1.5518
  
0.0214
  
0.0005
  
2/17/2006
  
$4.62000
  
1.5304
  
-0.0256
  
0.0007
  
2/16/2006
  
$4.74000
  
1.5560
  
0.0278
  
0.0008
  
2/15/2006
  
$4.61000
  
1.5282
  
-0.0193
  
0.0004
  
2/14/2006
  
$4.70000
  
1.5476
  
0.0000
  
0.0000
  
2/13/2006
  
$4.70000
  
1.5476
  
-0.0106
  
0.0001
  
2/10/2006
  
$4.75000
  
1.5581
  
0.0000
  
0.0000
  
2/9/2006
  
$4.75000
  
1.5581
  
0.0106
  
0.0001
  
2/8/2006
  
$4.70000
  
1.5476
  
0.0193
  
0.0004
  
2/7/2006
  
$4.61000
  
1.5282
  
-0.0257
  
0.0007
  
2/6/2006
  
$4.73000
  
1.5539
  
0.0106
  
0.0001
  
2/3/2006
  
$4.68000
  
1.5433
  
0.0064
  
0.0000
  
2/2/2006
  
$4.65000
  
1.5369
  
0.0086
  
0.0001
  
2/1/2006
  
$4.61000
  
1.5282
  
0.0000
  
0.0000
  
1/31/2006
  
$4.61000
  
1.5282
  
0.0353
  
0.0012
  
1/30/2006
  
$4.45000
  
1.4929
  
-0.0112
  
0.0001
  
1/27/2006
  
$4.50000
  
1.5041
  
0.0179
  
0.0003
  
1/26/2006
  
$4.42000
  
1.4861
  
-0.0045
  
0.0000
  
1/25/2006
  
$4.44000
  
1.4907
  
0.0023
  
0.0000
  
1/24/2006
  
$4.43000
  
1.4884
  
-0.0090
  
0.0001
  
1/23/2006
  
$4.47000
  
1.4974
  
0.0022
  
0.0000
  
1/20/2006
  
$4.46000
  
1.4951
  
0.0000
  
0.0000
  
1/19/2006
  
$4.46000
  
1.4951
  
-0.0022
  
0.0000
  
1/18/2006
  
$4.47000
  
1.4974
  
0.0022
  
0.0000
  
1/17/2006
  
$4.46000
  
1.4951
  
-0.0374
  
0.0014
  
1/13/2006
  
$4.63000
  
1.5326
  
0.0152
  
0.0002
  
1/12/2006
  
$4.56000
  
1.5173
  
-0.0087
  
0.0001
  
1/11/2006
  
$4.60000
  
1.5261
  
0.0000
  
0.0000
  
1/10/2006
  
$4.60000
  
1.5261
  
0.0109
  
0.0001
  
1/9/2006
  
$4.55000
  
1.5151
  
-0.0109
  
0.0001
  
1/6/2006
  
$4.60000
  
1.5261
  
0.0065
  
0.0000
  
1/5/2006
  
$4.57000
  
1.5195
  
-0.0280
  
0.0008
  
1/4/2006
  
$4.70000
  
1.5476
  
-0.0190
  
0.0004
  
1/3/2006
  
$4.79000
  
1.5665
  
0.0000
  
0.0000
  
12/30/2005
  
$4.79000
  
1.5665
  
0.0190
  
0.0004
  
12/29/2005
  
$4.70000
  
1.5476
  
-0.0064
  
0.0000
  
12/28/2005
  
$4.73000
  
1.5539
  
-0.0042
  
0.0000
  
12/27/2005
  
$4.75000
  
1.5581
  
0.0000
  
0.0000
  
12/23/2005
  
$4.75000
  
1.5581
  
-0.0105
  
0.0001
  
12/22/2005
  
$4.80000
  
1.5686
  
0.0021
  
0.0000
  
12/21/2005
  
$4.79000
  
1.5665
  
0.0063
  
0.0000
  
12/20/2005
  
$4.76000
  
1.5602
  
0.0364
  
0.0013
  
12/19/2005
  
$4.59000
  
1.5239
  
-0.0551
  
0.0030
  
12/16/2005
  
$4.85000
  
1.5790
  
-0.0164
  
0.0003
  
12/15/2005
  
$4.93000
  
1.5953
  
-0.0141
  
0.0002
  
12/14/2005
  
$5.00000
  
1.6094
  
-0.0020
  
0.0000
  
12/13/2005
  
$5.01000
  
1.6114
  
0.0020
  
0.0000
  
12/12/2005
  
$5.00000
  
1.6094
  
-0.0119
  
0.0001
  
12/9/2005
  
$5.06000
  
1.6214
  
0.0159
  
0.0003
  
12/8/2005
  
$4.98000
  
1.6054
  
0.0000
  
0.0000
  
12/7/2005
  
$4.98000
  
1.6054
  
0.0020
  
0.0000
  
12/6/2005
  
$4.97000
  
1.6034
  
-0.0060
  
0.0000
  
12/5/2005
  
$5.00000
  
1.6094
  
-0.0198
  
0.0004
  
12/2/2005
  
$5.10000
  
1.6292
  
0.0238
  
0.0006
  
12/1/2005
  
$4.98000
  
1.6054
  
-0.0060
  
0.0000
  
11/30/2005
  
$5.01000
  
1.6114
  
0.0020
  
0.0000
  
11/29/2005
  
$5.00000
  
1.6094
  
0.0408
  
0.0017
  
11/28/2005
  
$4.80000
  
1.5686
  
-0.0104
  
0.0001
  
11/25/2005
  
$4.85000
  
1.5790
  
0.0062
  
0.0000
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  7
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
11/23/2005
  
$4.82000
  
1.5728
  
0.0000
  
0.0000
  
11/22/2005
  
$4.82000
  
1.5728
  
0.0000
  
0.0000
  
11/21/2005
  
$4.82000
  
1.5728
  
0.0000
  
0.0000
  
11/18/2005
  
$4.82000
  
1.5728
  
-0.0083
  
0.0001
  
11/17/2005
  
$4.86000
  
1.5810
  
-0.0183
  
0.0003
  
11/16/2005
  
$4.95000
  
1.5994
  
0.0000
  
0.0000
  
11/15/2005
  
$4.95000
  
1.5994
  
-0.0299
  
0.0009
  
11/14/2005
  
$5.10000
  
1.6292
  
-0.0059
  
0.0000
  
11/11/2005
  
$5.13000
  
1.6351
  
-0.0193
  
0.0004
  
11/10/2005
  
$5.23000
  
1.6544
  
0.0000
  
0.0000
  
11/9/2005
  
$5.23000
  
1.6544
  
0.0058
  
0.0000
  
11/8/2005
  
$5.20000
  
1.6487
  
0.0000
  
0.0000
  
11/7/2005
  
$5.20000
  
1.6487
  
0.0019
  
0.0000
  
11/4/2005
  
$5.19000
  
1.6467
  
0.0058
  
0.0000
  
11/3/2005
  
$5.16000
  
1.6409
  
0.0000
  
0.0000
  
11/2/2005
  
$5.16000
  
1.6409
  
0.0000
  
0.0000
  
11/1/2005
  
$5.16000
  
1.6409
  
0.0000
  
0.0000
  
10/31/2005
  
$5.16000
  
1.6409
  
0.0058
  
0.0000
  
10/28/2005
  
$5.13000
  
1.6351
  
0.0177
  
0.0003
  
10/27/2005
  
$5.04000
  
1.6174
  
0.0040
  
0.0000
  
10/26/2005
  
$5.02000
  
1.6134
  
0.0000
  
0.0000
  
10/25/2005
  
$5.02000
  
1.6134
  
0.0080
  
0.0001
  
10/24/2005
  
$4.98000
  
1.6054
  
0.0000
  
0.0000
  
10/21/2005
  
$4.98000
  
1.6054
  
-0.0374
  
0.0014
  
10/20/2005
  
$5.17000
  
1.6429
  
0.0000
  
0.0000
  
10/19/2005
  
$5.17000
  
1.6429
  
0.0215
  
0.0005
  
10/18/2005
  
$5.06010
  
1.6214
  
-0.0157
  
0.0002
  
10/17/2005
  
$5.14000
  
1.6371
  
-0.0019
  
0.0000
  
10/14/2005
  
$5.14990
  
1.6390
  
0.0275
  
0.0008
  
10/13/2005
  
$5.01000
  
1.6114
  
-0.0217
  
0.0005
  
10/12/2005
  
$5.12000
  
1.6332
  
0.0235
  
0.0006
  
10/11/2005
  
$5.00100
  
1.6096
  
0.0042
  
0.0000
  
10/10/2005
  
$4.98000
  
1.6054
  
0.0686
  
0.0047
  
10/7/2005
  
$4.65000
  
1.5369
  
0.0000
  
0.0000
  
10/6/2005
  
$4.65000
  
1.5369
  
0.0328
  
0.0011
  
10/5/2005
  
$4.50000
  
1.5041
  
-0.0088
  
0.0001
  
10/4/2005
  
$4.54000
  
1.5129
  
-0.0110
  
0.0001
  
10/3/2005
  
$4.59000
  
1.5239
  
-0.0194
  
0.0004
  
9/30/2005
  
$4.68000
  
1.5433
  
0.0304
  
0.0009
  
9/29/2005
  
$4.54000
  
1.5129
  
0.0000
  
0.0000
  
9/28/2005
  
$4.54000
  
1.5129
  
0.0022
  
0.0000
  
9/27/2005
  
$4.53000
  
1.5107
  
-0.0153
  
0.0002
  
9/26/2005
  
$4.60000
  
1.5261
  
-0.0151
  
0.0002
  
9/23/2005
  
$4.67000
  
1.5412
  
0.0282
  
0.0008
  
9/22/2005
  
$4.54000
  
1.5129
  
-0.0022
  
0.0000
  
9/21/2005
  
$4.55000
  
1.5151
  
-0.0109
  
0.0001
  
9/20/2005
  
$4.60000
  
1.5261
  
0.0022
  
0.0000
  
9/19/2005
  
$4.59000
  
1.5239
  
-0.0022
  
0.0000
  
9/16/2005
  
$4.60000
  
1.5261
  
0.0022
  
0.0000
  
9/15/2005
  
$4.59000
  
1.5239
  
-0.0022
  
0.0000
  
9/14/2005
  
$4.60000
  
1.5261
  
-0.0022
  
0.0000
  
9/13/2005
  
$4.61000
  
1.5282
  
0.0022
  
0.0000
  
9/12/2005
  
$4.60000
  
1.5261
  
-0.0043
  
0.0000
  
9/9/2005
  
$4.62000
  
1.5304
  
-0.0086
  
0.0001
  
9/8/2005
  
$4.66000
  
1.5390
  
-0.0064
  
0.0000
  
9/7/2005
  
$4.69000
  
1.5454
  
0.0365
  
0.0013
  
9/6/2005
  
$4.52200
  
1.5090
  
-0.0279
  
0.0008
  
9/2/2005
  
$4.65000
  
1.5369
  
0.0000
  
0.0000
  
9/1/2005
  
$4.65000
  
1.5369
  
0.0108
  
0.0001
  
8/31/2005
  
$4.60000
  
1.5261
  
0.0000
  
0.0000
  
8/30/2005
  
$4.60000
  
1.5261
  
0.0000
  
0.0000
  
8/29/2005
  
$4.60000
  
1.5261
  
0.0000
  
0.0000
  
8/26/2005
  
$4.60000
  
1.5261
  
-0.0043
  
0.0000
  
8/25/2005
  
$4.62000
  
1.5304
  
0.0000
  
0.0000
  
8/24/2005
  
$4.62000
  
1.5304
  
0.0153
  
0.0002
  
8/23/2005
  
$4.55000
  
1.5151
  
0.0044
  
0.0000
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  8
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
8/22/2005
  
$4.53000
  
1.5107
  
0.0178
  
0.0003
  
8/19/2005
  
$4.45000
  
1.4929
  
0.0227
  
0.0005
  
8/18/2005
  
$4.35000
  
1.4702
  
-0.0317
  
0.0010
  
8/17/2005
  
$4.49000
  
1.5019
  
0.01 12
  
0.0001
  
8/16/2005
  
$4.44000
  
1.4907
  
-0.0112
  
0.0001
  
8/15/2005
  
$4.49000
  
1.5019
  
0.0022
  
0.0000
  
8/12/2005
  
$4.48000
  
1.4996
  
0.0157
  
0.0002
  
8/11/2005
  
$4.41000
  
1.4839
  
0.0229
  
0.0005
  
8/10/2005
  
$4.31000
  
1.4609
  
-0.0092
  
0.0001
  
8/9/2005
  
$4.35000
  
1.4702
  
-0.0114
  
0.0001
  
8/8/2005
  
$4.40000
  
1.4816
  
-0.0202
  
0.0004
  
8/5/2005
  
$4.49000
  
1.5019
  
-0.0049
  
0.0000
  
8/4/2005
  
$4.51200
  
1.5067
  
0.0229
  
0.0005
  
8/3/2005
  
$4.41000
  
1.4839
  
0.0023
  
0.0000
  
8/2/2005
  
$4.40000
  
1.4816
  
-0.0225
  
0.0005
  
8/1/2005
  
$4.50000
  
1.5041
  
-0.0110
  
0.0001
  
7/29/2005
  
$4.55000
  
1.5151
  
0.0110
  
0.0001
  
7/28/2005
  
$4.50000
  
1.5041
  
-0.0154
  
0.0002
  
7/27/2005
  
$4.57000
  
1.5195
  
0.0154
  
0.0002
  
7/26/2005
  
$4.50000
  
1.5041
  
-0.0110
  
0.0001
  
7/25/2005
  
$4.55000
  
1.5151
  
-0.0109
  
0.0001
  
7/22/2005
  
$4.60000
  
1.5261
  
0.0000
  
0.0000
  
7/21/2005
  
$4.60000
  
1.5261
  
0.0445
  
0.0020
  
7/20/2005
  
$4.40000
  
1.4816
  
0.0023
  
0.0000
  
7/19/2005
  
$4.39000
  
1.4793
  
0.0161
  
0.0003
  
7/18/2005
  
$4.32000
  
1.4633
  
-0.0183
  
0.0003
  
7/15/2005
  
$4.40000
  
1.4816
  
-0.0335
  
0.0011
  
7/14/2005
  
$4.55000
  
1.5151
  
0.0542
  
0.0029
  
7/13/2005
  
$4.31000
  
1.4609
  
0.0164
  
0.0003
  
7/12/2005
  
$4.24000
  
1.4446
  
0.0190
  
0.0004
  
7/11/2005
  
$4.16000
  
1.4255
  
-0.0214
  
0.0005
  
7/8/2005
  
$4.25000
  
1.4469
  
0.0142
  
0.0002
  
7/7/2005
  
$4.19000
  
1.4327
  
-0.0466
  
0.0022
  
7/6/2005
  
$4.39000
  
1.4793
  
-0.0023
  
0.0000
  
7/5/2005
  
$4.40000
  
1.4816
  
-0.0045
  
0.0000
  
7/1/2005
  
$4.42000
  
1.4861
  
0.0045
  
0.0000
  
6/30/2005
  
$4.40000
  
1.4816
  
0.0000
  
0.0000
  
6/29/2005
  
$4.40000
  
1.4816
  
-0.0045
  
0.0000
  
6/28/2005
  
$4.42000
  
1.4861
  
0.0068
  
0.0000
  
6/27/2005
  
$4.39000
  
1.4793
  
-0.0247
  
0.0006
  
6/24/2005
  
$4.50000
  
1.5041
  
0.0067
  
0.0000
  
6/23/2005
  
$4.47000
  
1.4974
  
-0.0629
  
0.0039
  
6/22/2005
  
$4.76000
  
1.5602
  
-0.0021
  
0.0000
  
6/21/2005
  
$4.77000
  
1.5623
  
0.0583
  
0.0034
  
6/20/2005
  
$4.50000
  
1.5041
  
0.0000
  
0.0000
  
6/17/2005
  
$4.50000
  
1.5041
  
0.0000
  
0.0000
  
6/16/2005
  
$4.50000
  
1.5041
  
0.0112
  
0.0001
  
6/15/2005
  
$4.45000
  
1.4929
  
0.0090
  
0.0001
  
6/14/2005
  
$4.41000
  
1.4839
  
0.0253
  
0.0006
  
6/13/2005
  
$4.30000
  
1.4586
  
0.0093
  
0.0001
  
6/10/2005
  
$4.26000
  
1.4493
  
-0.0093
  
0.0001
  
6/9/2005
  
$4.30000
  
1.4586
  
0.0117
  
0.0001
  
6/8/2005
  
$4.25000
  
1.4469
  
0.0118
  
0.0001
  
6/7/2005
  
$4.20000
  
1.4351
  
-0.0118
  
0.0001
  
6/6/2005
  
$4.25000
  
1.4469
  
-0.0047
  
0.0000
  
6/3/2005
  
$4.27000
  
1.4516
  
0.0000
  
0.0000
  
6/2/2005
  
$4.27000
  
1.4516
  
-0.0093
  
0.0001
  
6/1/2005
  
$4.31000
  
1.4609
  
-0.0092
  
0.0001
  
5/31/2005
  
$4.35000
  
1.4702
  
0.0375
  
0.0014
  
5/27/2005
  
$4.19000
  
1.4327
  
0.0340
  
0.0012
  
5/26/2005
  
$4.05000
  
1.3987
  
0.0124
  
0.0002
  
5/25/2005
  
$4.00000
  
1.3863
  
0.0000
  
0.0000
  
5/24/2005
  
$4.00000
  
1.3863
  
0.0434
  
0.0019
  
5/23/2005
  
$3.83000
  
1.3429
  
-0.0657
  
0.0043
  
5/20/2005
  
$4.09000
  
1.4085
  
0.0049
  
0.0000
  
5/19/2005
  
$4.07000
  
1.4036
  
-0.0098
  
0.0001
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  9
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
5/18/2005
  
$4.11000
  
1.4134
  
0.0024
  
0.0000
  
5/17/2005
  
$4.10000
  
1.4110
  
-0.0024
  
0.0000
  
5/16/2005
  
$4.11000
  
1.4134
  
-0.0024
  
0.0000
  
5/13/2005
  
$4.12000
  
1.4159
  
-0.0520
  
0.0027
  
5/12/2005
  
$4.34000
  
1.4679
  
-0.0137
  
0.0002
  
5/11/2005
  
$4.40000
  
1.4816
  
-0.0445
  
0.0020
  
5/10/2005
  
$4.60000
  
1.5261
  
-0.0194
  
0.0004
  
5/9/2005
  
$4.69000
  
1.5454
  
-0.0021
  
0.0000
  
5/6/2005
  
$4.70000
  
1.5476
  
-0.0478
  
0.0023
  
5/5/2005
  
$4.93000
  
1.5953
  
-0.0101
  
0.0001
  
5/4/2005
  
$4.98000
  
1.6054
  
-0.0040
  
0.0000
  
5/3/2005
  
$5.00000
  
1.6094
  
0.0576
  
0.0033
  
5/2/2005
  
$4.72000
  
1.5518
  
0.0042
  
0.0000
  
4/29/2005
  
$4.70000
  
1.5476
  
0.0000
  
0.0000
  
4/28/2005
  
$4.70000
  
1.5476
  
-0.0211
  
0.0004
  
4/27/2005
  
$4.80000
  
1.5686
  
-0.0165
  
0.0003
  
4/26/2005
  
$4.88000
  
1.5851
  
-0.0243
  
0.0006
  
4/25/2005
  
$5.00000
  
1.6094
  
-0.0392
  
0.0015
  
4/22/2005
  
$5.20000
  
1.6487
  
0.0155
  
0.0002
  
4/21/2005
  
$5.12000
  
1.6332
  
-0.0155
  
0.0002
  
4/20/2005
  
$5.20000
  
1.6487
  
-0.0115
  
0.0001
  
4/19/2005
  
$5.26000
  
1.6601
  
-0.0038
  
0.0000
  
4/18/2005
  
$5.28000
  
1.6639
  
-0.0317
  
0.0010
  
4/15/2005
  
$5.45000
  
1.6956
  
0.0000
  
0.0000
  
4/14/2005
  
$5.45000
  
1.6956
  
-0.0164
  
0.0003
  
4/13/2005
  
$5.54000
  
1.7120
  
0.0145
  
0.0002
  
4/12/2005
  
$5.46000
  
1.6974
  
-0.0073
  
0.0001
  
4/11/2005
  
$5.50000
  
1.7047
  
-0.0162
  
0.0003
  
4/8/2005
  
$5.59000
  
1.7210
  
0.0036
  
0.0000
  
4/7/2005
  
$5.57000
  
1.7174
  
-0.0054
  
0.0000
  
4/6/2005
  
$5.60000
  
1.7228
  
0.0000
  
0.0000
  
4/5/2005
  
$5.60000
  
1.7228
  
-0.0334
  
0.0011
  
4/4/2005
  
$5.79000
  
1.7561
  
-0.0120
  
0.0001
  
4/1/2005
  
$5.86000
  
1.7681
  
-0.0068
  
0.0000
  
3/31/2005
  
$5.90000
  
1.7750
  
-0.0101
  
0.0001
  
3/30/2005
  
$5.96000
  
1.7851
  
-0.0067
  
0.0000
  
3/29/2005
  
$6.00000
  
1.7918
  
0.0033
  
0.0000
  
3/28/2005
  
$5.98000
  
1.7884
  
0.0084
  
0.0001
  
3/24/2005
  
$5.93000
  
1.7800
  
0.0051
  
0.0000
  
3/23/2005
  
$5.90000
  
1.7750
  
-0.0118
  
0.0001
  
3/22/2005
  
$5.97000
  
1.7867
  
0.0152
  
0.0002
  
3/21/2005
  
$5.88000
  
1.7716
  
-0.0135
  
0.0002
  
3/18/2005
  
$5.96000
  
1.7851
  
-0.0084
  
0.0001
  
3/17/2005
  
$6.01000
  
1.7934
  
0.0033
  
0.0000
  
3/16/2005
  
$5.99000
  
1.7901
  
-0.0100
  
0.0001
  
3/15/2005
  
$6.05000
  
1.8001
  
0.0000
  
0.0000
  
3/14/2005
  
$6.05000
  
1.8001
  
-0.0082
  
0.0001
  
3/11/2005
  
$6.10000
  
1.8083
  
0.0033
  
0.0000
  
3/10/2005
  
$6.08000
  
1.8050
  
-0.0114
  
0.0001
  
3/9/2005
  
$6.15000
  
1.8165
  
-0.0193
  
0.0004
  
3/8/2005
  
$6.27000
  
1.8358
  
0.0032
  
0.0000
  
3/7/2005
  
$6.25000
  
1.8326
  
-0.0064
  
0.0000
  
3/4/2005
  
$6.29000
  
1.8390
  
0.0000
  
0.0000
  
3/3/2005
  
$6.29000
  
1.8390
  
0.0225
  
0.0005
  
3/2/2005
  
$6.15000
  
1.8165
  
-0.0049
  
0.0000
  
3/1/2005
  
$6.18000
  
1.8213
  
-0.0032
  
0.0000
  
2/28/2005
  
$6.20000
  
1.8245
  
0.0016
  
0.0000
  
2/25/2005
  
$6.19000
  
1.8229
  
-0.0160
  
0.0003
  
2/24/2005
  
$6.29000
  
1.8390
  
0.0225
  
0.0005
  
2/23/2005
  
$6.15000
  
1.8165
  
0.0197
  
0.0004
  
2/22/2005
  
$6.03000
  
1.7967
  
-0.0501
  
0.0025
  
2/18/2005
  
$6.34000
  
1.8469
  
-0.0016
  
0.0000
  
2/17/2005
  
$6.35000
  
1.8485
  
-0.0078
  
0.0001
  
2/16/2005
  
$6.40000
  
1.8563
  
0.0063
  
0.0000
  
2/15/2005
  
$6.36000
  
1.8500
  
-0.0063
  
0.0000
  
2/14/2005
  
$6.40000
  
1.8563
  
0.0031
  
0.0000
  
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  10
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
2/11/2005
  
$6.38000
  
1.8532
  
0.0110
  
0.0001
  
2/10/2005
  
$6.31000
  
1.8421
  
0.0032
  
0.0000
  
2/9/2005
  
$6.29000
  
1.8390
  
0.0000
  
0.0000
  
2/8/2005
  
$6.29000
  
1.8390
  
-0.0048
  
0.0000
  
2/7/2005
  
$6.32000
  
1.8437
  
-0.0047
  
0.0000
  
2/4/2005
  
$6.35000
  
1.8485
  
-0.0218
  
0.0005
  
2/3/2005
  
$6.49000
  
1.8703
  
0.0000
  
0.0000
  
2/2/2005
  
$6.49000
  
1.8703
  
-0.0092
  
0.0001
  
2/1/2005
  
$6.55000
  
1.8795
  
0.0389
  
0.0015
  
1/31/2005
  
$6.30000
  
1.8405
  
-0.0142
  
0.0002
  
1/28/2005
  
$6.39000
  
1.8547
  
0.0302
  
0.0009
  
1/27/2005
  
$6.20000
  
1.8245
  
-0.0048
  
0.0000
  
1/26/2005
  
$6.23000
  
1.8294
  
-0.0347
  
0.0012
  
1/25/2005
  
$6.45000
  
1.8641
  
-0.0380
  
0.0014
  
1/24/2005
  
$6.70000
  
1.9021
  
-0.0030
  
0.0000
  
1/21/2005
  
$6.72000
  
1.9051
  
0.0317
  
0.0010
  
1/20/2005
  
$6.51000
  
1.8733
  
0.0015
  
0.0000
  
1/19/2005
  
$6.50000
  
1.8718
  
-0.0153
  
0.0002
  
1/18/2005
  
$6.60000
  
1.8871
  
-0.0225
  
0.0005
  
1/14/2005
  
$6.75000
  
1.9095
  
-0.0220
  
0.0005
  
1/13/2005
  
$6.90000
  
1.9315
  
0.0000
  
0.0000
  
1/12/2005
  
$6.90000
  
1.9315
  
0.0073
  
0.0001
  
1/11/2005
  
$6.85000
  
1.9242
  
-0.0044
  
0.0000
  
1/10/2005
  
$6.88000
  
1.9286
  
0.0058
  
0.0000
  
1/7/2005
  
$6.84000
  
1.9228
  
-0.0015
  
0.0000
  
1/6/2005
  
$6.85000
  
1.9242
  
0.0044
  
0.0000
  
1/5/2005
  
$6.82000
  
1.9199
  
0.0230
  
0.0005
  
1/4/2005
  
$6.66500
  
1.8969
  
-0.0347
  
0.0012
  
1/3/2005
  
$6.90000
  
1.9315
  
0.0175
  
0.0003
  
12/31/2004
  
$6.78000
  
1.9140
  
0.0577
  
0.0033
  
12/30/2004
  
$6.40000
  
1.8563
  
0.0253
  
0.0006
  
12/29/2004
  
$6.24000
  
1.8310
  
-0.0064
  
0.0000
  
12/28/2004
  
$6.28000
  
1.8374
  
0.0080
  
0.0001
  
12/27/2004
  
$6.23000
  
1.8294
  
-0.0080
  
0.0001
  
12/23/2004
  
$6.28000
  
1.8374
  
0.0064
  
0.0000
  
12/22/2004
  
$6.24000
  
1.8310
  
0.0064
  
0.0000
  
12/21/2004
  
$6.20000
  
1.8245
  
0.0032
  
0.0000
  
12/20/2004
  
$6.18000
  
1.8213
  
-0.0032
  
0.0000
  
12/17/2004
  
$6.20000
  
1.8245
  
-0.0080
  
0.0001
  
12/16/2004
  
$6.25000
  
1.8326
  
0.0096
  
0.0001
  
12/15/2004
  
$6.19000
  
1.8229
  
0.0032
  
0.0000
  
12/14/2004
  
$6.17000
  
1.8197
  
-0.0016
  
0.0000
  
12/13/2004
  
$6.18000
  
1.8213
  
0.0000
  
0.0000
  
12/10/2004
  
$6.18000
  
1.8213
  
0.0000
  
0.0000
  
12/9/2004
  
$6.18000
  
1.8213
  
0.0000
  
0.0000
  
12/8/2004
  
$6.18000
  
1.8213
  
0.0098
  
0.0001
  
12/7/2004
  
$6.12000
  
1.8116
  
0.0016
  
0.0000
  
12/6/2004
  
$6.11000
  
1.8099
  
-0.0146
  
0.0002
  
12/3/2004
  
$6.20000
  
1.8245
  
0.0049
  
0.0000
  
12/2/2004
  
$6.17000
  
1.8197
  
0.0213
  
0.0005
  
12/1/2004
  
$6.04000
  
1.7984
  
0.0033
  
0.0000
  
11/30/2004
  
$6.02000
  
1.7951
  
-0.0116
  
0.0001
  
11/29/2004
  
$6.09000
  
1.8066
  
-0.0098
  
0.0001
  
11/26/2004
  
$6.15000
  
1.8165
  
0.0098
  
0.0001
  
11/24/2004
  
$6.09000
  
1.8066
  
-0.0065
  
0.0000
  
11/23/2004
  
$6.13000
  
1.8132
  
-0.0162
  
0.0003
  
11/22/2004
  
$6.23000
  
1.8294
  
-0.0159
  
0.0003
  
11/19/2004
  
$6.33000
  
1.8453
  
-0.0110
  
0.0001
  
11/18/2004
  
$6.40000
  
1.8563
  
0.0546
  
0.0030
  
11/17/2004
  
$6.06000
  
1.8017
  
0.0100
  
0.0001
  
11/16/2004
  
$6.00000
  
1.7918
  
0.0000
  
0.0000
  
11/15/2004
  
$6.00000
  
1.7918
  
-0.0132
  
0.0002
  
11/12/2004
  
$6.08000
  
1.8050
  
0.0016
  
0.0000
  
11/11/2004
  
$6.07000
  
1.8034
  
0.0166
  
0.0003
  
11/10/2004
  
$5.97000
  
1.7867
  
0.0101
  
0.0001
  
11/9/2004
  
$5.91000
  
1.7766
  
0.0902
  
0.0081
  
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  11
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
11/8/2004
  
$5.40000
  
1.6864
  
0.0770
  
0.0059
  
11/5/2004
  
$5.00000
  
1.6094
  
-0.0583
  
0.0034
  
11/4/2004
  
$5.30000
  
1.6677
  
-0.0316
  
0.0010
  
11/3/2004
  
$5.47000
  
1.6993
  
-0.0412
  
0.0017
  
11/2/2004
  
$5.70000
  
1.7405
  
-0.0105
  
0.0001
  
11/1/2004
  
$5.76000
  
1.7509
  
-0.0408
  
0.0017
  
10/29/2004
  
$6.00000
  
1.7918
  
0.0000
  
0.0000
  
10/28/2004
  
$6.00000
  
1.7918
  
-0.0953
  
0.0091
  
10/27/2004
  
$6.60000
  
1.8871
  
0.0122
  
0.0001
  
10/26/2004
  
$6.52000
  
1.8749
  
-0.0435
  
0.0019
  
10/25/2004
  
$6.81000
  
1.9184
  
-0.0131
  
0.0002
  
10/22/2004
  
$6.90000
  
1.9315
  
0.0015
  
0.0000
  
10/21/2004
  
$6.89000
  
1.9301
  
0.0220
  
0.0005
  
10/20/2004
  
$6.74000
  
1.9081
  
-0.0292
  
0.0009
  
10/19/2004
  
$6.94000
  
1.9373
  
-0.0256
  
0.0007
  
10/18/2004
  
$7.12000
  
1.9629
  
-0.0042
  
0.0000
  
10/15/2004
  
$7.15000
  
1.9671
  
-0.0014
  
0.0000
  
10/14/2004
  
$7.16000
  
1.9685
  
0.0000
  
0.0000
  
10/13/2004
  
$7.16000
  
1.9685
  
-0.0194
  
0.0004
  
10/12/2004
  
$7.30000
  
1.9879
  
0.0152
  
0.0002
  
10/11/2004
  
$7.19000
  
1.9727
  
0.0000
  
0.0000
  
10/8/2004
  
$7.19000
  
1.9727
  
-0.0028
  
0.0000
  
10/7/2004
  
$7.21000
  
1.9755
  
-0.0233
  
0.0005
  
10/6/2004
  
$7.38000
  
1.9988
  
0.0359
  
0.0013
  
10/5/2004
  
$7.12000
  
1.9629
  
-0.0112
  
0.0001
  
10/4/2004
  
$7.20000
  
1.9741
  
-0.0233
  
0.0005
  
10/1/2004
  
$7.37000
  
1.9974
  
0.0027
  
0.0000
  
9/30/2004
  
$7.35000
  
1.9947
  
0.0137
  
0.0002
  
9/29/2004
  
$7.25000
  
1.9810
  
-0.0069
  
0.0000
  
9/28/2004
  
$7.30000
  
1.9879
  
-0.0109
  
0.0001
  
9/27/2004
  
$7.38000
  
1.9988
  
0.0219
  
0.0005
  
9/24/2004
  
$7.22000
  
1.9769
  
-0.0028
  
0.0000
  
9/23/2004
  
$7.24000
  
1.9796
  
-0.0014
  
0.0000
  
9/22/2004
  
$7.25000
  
1.9810
  
0.0028
  
0.0000
  
9/21/2004
  
$7.23000
  
1.9782
  
0.0042
  
0.0000
  
9/20/2004
  
$7.20000
  
1.9741
  
-0.0097
  
0.0001
  
9/17/2004
  
$7.27000
  
1.9838
  
0.0000
  
0.0000
  
9/16/2004
  
$7.27000
  
1.9838
  
-0.0177
  
0.0003
  
9/15/2004
  
$7.40000
  
2.0015
  
0.0027
  
0.0000
  
9/14/2004
  
$7.38000
  
1.9988
  
0.0000
  
0.0000
  
9/13/2004
  
$7.38000
  
1.9988
  
-0.0041
  
0.0000
  
9/10/2004
  
$7.41000
  
2.0028
  
0.0014
  
0.0000
  
9/9/2004
  
$7.40000
  
2.0015
  
-0.0201
  
0.0004
  
9/8/2004
  
$7.55000
  
2.0215
  
0.0187
  
0.0004
  
9/7/2004
  
$7.41000
  
2.0028
  
-0.0121
  
0.0001
  
9/3/2004
  
$7.50000
  
2.0149
  
0.0080
  
0.0001
  
9/2/2004
  
$7.44000
  
2.0069
  
-0.0239
  
0.0006
  
9/1/2004
  
$7.62000
  
2.0308
  
0.0039
  
0.0000
  
8/31/2004
  
$7.59000
  
2.0268
  
-0.0013
  
0.0000
  
8/30/2004
  
$7.60000
  
2.0281
  
-0.0066
  
0.0000
  
8/27/2004
  
$7.65000
  
2.0347
  
0.0039
  
0.0000
  
8/26/2004
  
$7.62000
  
2.0308
  
0.0429
  
0.0018
  
8/25/2004
  
$7.30000
  
1.9879
  
-0.0403
  
0.0016
  
8/24/2004
  
$7.60000
  
2.0281
  
-0.0092
  
0.0001
  
8/23/2004
  
$7.67000
  
2.0373
  
-0.0104
  
0.0001
  
8/20/2004
  
$7.75000
  
2.0477
  
-0.0039
  
0.0000
  
8/19/2004
  
$7.78000
  
2.0516
  
0.0013
  
0.0000
  
8/18/2004
  
$7.77000
  
2.0503
  
-0.0013
  
0.0000
  
8/17/2004
  
$7.78000
  
2.0516
  
0.0039
  
0.0000
  
8/16/2004
  
$7.75000
  
2.0477
  
0.0000
  
0.0000
  
8/13/2004
  
$7.75000
  
2.0477
  
0.0065
  
0.0000
  
8/12/2004
  
$7.70000
  
2.0412
  
0.0065
  
0.0000
  
8/11/2004
  
$7.65000
  
2.0347
  
-0.0156
  
0.0002
  
8/10/2004
  
$7.77000
  
2.0503
  
0.0221
  
0.0005
  
8/9/2004
  
$7.60000
  
2.0281
  
-0.0195
  
0.0004
  
8/6/2004
  
$7.75000
  
2.0477
  
0.0000
  
0.0000
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  12
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
8/5/2004
  
$7.75000
  
2.0477
  
0.0000
  
0.0000
  
8/4/2004
  
$7.75000
  
2.0477
  
-0.0013
  
0.0000
  
8/3/2004
  
$7.76000
  
2.0490
  
0.0000
  
0.0000
  
8/2/2004
  
$7.76000
  
2.0490
  
-0.0051
  
0.0000
  
7/30/2004
  
$7.80000
  
2.0541
  
0.0064
  
0.0000
  
7/29/2004
  
$7.75000
  
2.0477
  
-0.0090
  
0.0001
  
7/28/2004
  
$7.82000
  
2.0567
  
0.0285
  
0.0008
  
7/27/2004
  
$7.60000
  
2.0281
  
-0.0131
  
0.0002
  
7/26/2004
  
$7.70000
  
2.0412
  
-0.0231
  
0.0005
  
7/23/2004
  
$7.88000
  
2.0643
  
-0.0076
  
0.0001
  
7/22/2004
  
$7.94000
  
2.0719
  
-0.0075
  
0.0001
  
7/21/2004
  
$8.00000
  
2.0794
  
-0.0062
  
0.0000
  
7/20/2004
  
$8.05000
  
2.0857
  
-0.0123
  
0.0002
  
7/19/2004
  
$8.15000
  
2.0980
  
-0.0110
  
0.0001
  
7/16/2004
  
$8.24000
  
2.1090
  
0.0358
  
0.0013
  
7/15/2004
  
$7.95000
  
2.0732
  
-0.0075
  
0.0001
  
7/14/2004
  
$8.01000
  
2.0807
  
0.0113
  
0.0001
  
7/13/2004
  
$7.92000
  
2.0694
  
0.0127
  
0.0002
  
7/12/2004
  
$7.82000
  
2.0567
  
-0.0127
  
0.0002
  
7/9/2004
  
$7.92000
  
2.0694
  
0.0089
  
0.0001
  
7/8/2004
  
$7.85000
  
2.0605
  
0.0000
  
0.0000
  
7/7/2004
  
$7.85000
  
2.0605
  
-0.0063
  
0.0000
  
7/6/2004
  
$7.90000
  
2.0669
  
-0.0025
  
0.0000
  
7/2/2004
  
$7.92000
  
2.0694
  
0.0076
  
0.0001
  
7/1/2004
  
$7.86000
  
2.0618
  
0.0102
  
0.0001
  
6/30/2004
  
$7.78000
  
2.0516
  
0.0013
  
0.0000
  
6/29/2004
  
$7.77000
  
2.0503
  
0.0340
  
0.0012
  
6/28/2004
  
$7.51000
  
2.0162
  
0.0094
  
0.0001
  
6/25/2004
  
$7.44000
  
2.0069
  
0.0259
  
0.0007
  
6/24/2004
  
$7.25000
  
1.9810
  
-0.0069
  
0.0000
  
6/23/2004
  
$7.30000
  
1.9879
  
-0.0337
  
0.0011
  
6/22/2004
  
$7.55000
  
2.0215
  
0.0586
  
0.0034
  
6/21/2004
  
$7.12000
  
1.9629
  
0.0156
  
0.0002
  
6/18/2004
  
$7.01000
  
1.9473
  
0.0245
  
0.0006
  
6/17/2004
  
$6.84000
  
1.9228
  
-0.1249
  
0.0156
  
6/16/2004
  
$7.75000
  
2.0477
  
-0.0077
  
0.0001
  
6/15/2004
  
$7.81000
  
2.0554
  
0.0418
  
0.0018
  
6/14/2004
  
$7.49000
  
2.0136
  
0.0326
  
0.0011
  
6/10/2004
  
$7.25000
  
1.9810
  
0.0351
  
0.0012
  
6/9/2004
  
$7.00000
  
1.9459
  
0.0290
  
0.0008
  
6/8/2004
  
$6.80000
  
1.9169
  
0.0148
  
0.0002
  
6/7/2004
  
$6.70000
  
1.9021
  
-0.0323
  
0.0010
  
6/4/2004
  
$6.92000
  
1.9344
  
-0.0397
  
0.0016
  
6/3/2004
  
$7.20000
  
1.9741
  
-0.0110
  
0.0001
  
6/2/2004
  
$7.28000
  
1.9851
  
0.0041
  
0.0000
  
6/1/2004
  
$7.25000
  
1.9810
  
-0.0205
  
0.0004
  
5/28/2004
  
$7.40000
  
2.0015
  
-0.0094
  
0.0001
  
5/27/2004
  
$7.47000
  
2.0109
  
0.0054
  
0.0000
  
5/26/2004
  
$7.43000
  
2.0055
  
0.0108
  
0.0001
  
5/25/2004
  
$7.35000
  
1.9947
  
-0.0189
  
0.0004
  
5/24/2004
  
$7.49000
  
2.0136
  
0.0013
  
0.0000
  
5/21/2004
  
$7.48000
  
2.0122
  
0.0040
  
0.0000
  
5/20/2004
  
$7.45000
  
2.0082
  
0.0054
  
0.0000
  
5/19/2004
  
$7.41000
  
2.0028
  
-0.0054
  
0.0000
  
5/18/2004
  
$7.45000
  
2.0082
  
0.0067
  
0.0000
  
5/17/2004
  
$7.40000
  
2.0015
  
0.0274
  
0.0008
  
5/14/2004
  
$7.20000
  
1.9741
  
0.0098
  
0.0001
  
5/13/2004
  
$7.13000
  
1.9643
  
-0.2161
  
0.0467
  
5/12/2004
  
$8.85000
  
2.1804
  
0.0000
  
0.0000
  
5/11/2004
  
$8.85000
  
2.1804
  
-0.0023
  
0.0000
  
5/10/2004
  
$8.87000
  
2.1827
  
-0.0134
  
0.0002
  
5/7/2004
  
$8.99000
  
2.1961
  
-0.0011
  
0.0000
  
5/6/2004
  
$9.00000
  
2.1972
  
0.0000
  
0.0000
  
5/5/2004
  
$9.00000
  
2.1972
  
-0.0033
  
0.0000
  
5/4/2004
  
$9.03000
  
2.2006
  
0.0033
  
0.0000
  
5/3/2004
  
$9.00000
  
2.1972
  
0.0443
  
0.0020
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  13
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
4/30/2004
  
$8.61000
  
2.1529
  
-0.0825
  
0.0068
  
4/29/2004
  
$9.35000
  
2.2354
  
-0.0053
  
0.0000
  
4/28/2004
  
$9.40000
  
2.2407
  
-0.0963
  
0.0093
  
4/27/2004
  
$10.35000
  
2.3370
  
-0.0039
  
0.0000
  
4/26/2004
  
$10.39000
  
2.3408
  
0.0029
  
0.0000
  
4/23/2004
  
$10.36000
  
2.3380
  
-0.0276
  
0.0008
  
4/22/2004
  
$10.65000
  
2.3656
  
0.0276
  
0.0008
  
4/21/2004
  
$10.36000
  
2.3380
  
-0.0182
  
0.0003
  
4/20/2004
  
$10.55000
  
2.3561
  
-0.0188
  
0.0004
  
4/19/2004
  
$10.75000
  
2.3749
  
-0.0184
  
0.0003
  
4/16/2004
  
$10.95000
  
2.3933
  
0.0184
  
0.0003
  
4/15/2004
  
$10.75000
  
2.3749
  
0.0000
  
0.0000
  
4/14/2004
  
$10.75000
  
2.3749
  
-0.0046
  
0.0000
  
4/13/2004
  
$10.80000
  
2.3795
  
0.0121
  
0.0001
  
4/12/2004
  
$10.67000
  
2.3674
  
0.0019
  
0.0000
  
4/8/2004
  
$10.65000
  
2.3656
  
0.0286
  
0.0008
  
4/7/2004
  
$10.35000
  
2.3370
  
0.0245
  
0.0006
  
4/6/2004
  
$10.10000
  
2.3125
  
0.0200
  
0.0004
  
4/5/2004
  
$9.90000
  
2.2925
  
-0.0050
  
0.0000
  
4/2/2004
  
$9.95000
  
2.2976
  
-0.0130
  
0.0002
  
4/1/2004
  
$10.08000
  
2.3106
  
-0.0216
  
0.0005
  
3/31/2004
  
$10.30000
  
2.3321
  
-0.0039
  
0.0000
  
3/30/2004
  
$10.34000
  
2.3360
  
0.0097
  
0.0001
  
3/29/2004
  
$10.24000
  
2.3263
  
0.0128
  
0.0002
  
3/26/2004
  
$10.11000
  
2.3135
  
0.0210
  
0.0004
  
3/25/2004
  
$9.90000
  
2.2925
  
0.0132
  
0.0002
  
3/24/2004
  
$9.77000
  
2.2793
  
0.0301
  
0.0009
  
3/23/2004
  
$9.48000
  
2.2492
  
0.0149
  
0.0002
  
3/22/2004
  
$9.34000
  
2.2343
  
-0.0602
  
0.0036
  
3/19/2004
  
$9.92000
  
2.2946
  
0.0152
  
0.0002
  
3/18/2004
  
$9.77000
  
2.2793
  
0.0155
  
0.0002
  
3/17/2004
  
$9.62000
  
2.2638
  
-0.0387
  
0.0015
  
3/16/2004
  
$10.00000
  
2.3026
  
-0.0109
  
0.0001
  
3/15/2004
  
$10.11000
  
2.3135
  
-0.0206
  
0.0004
  
3/12/2004
  
$10.32000
  
2.3341
  
-0.0173
  
0.0003
  
3/11/2004
  
$10.50000
  
2.3514
  
0.0241
  
0.0006
  
3/10/2004
  
$10.25000
  
2.3273
  
-0.0336
  
0.0011
  
3/9/2004
  
$10.60000
  
2.3609
  
-0.0094
  
0.0001
  
3/8/2004
  
$10.70000
  
2.3702
  
0.0141
  
0.0002
  
3/5/2004
  
$10.55000
  
2.3561
  
-0.0066
  
0.0000
  
3/4/2004
  
$10.62000
  
2.3627
  
-0.0361
  
0.0013
  
3/3/2004
  
$11.01000
  
2.3988
  
0.0267
  
0.0007
  
3/2/2004
  
$10.72000
  
2.3721
  
0.0188
  
0.0004
  
3/1/2004
  
$10.52000
  
2.3533
  
0.0067
  
0.0000
  
2/27/2004
  
$10.45000
  
2.3466
  
0.0400
  
0.0016
  
2/26/2004
  
$10.04000
  
2.3066
  
0.0222
  
0.0005
  
2/25/2004
  
$9.82000
  
2.2844
  
-0.1474
  
0.0217
  
2/24/2004
  
$11.38000
  
2.4319
  
0.0071
  
0.0000
  
2/23/2004
  
$11.30000
  
2.4248
  
0.0044
  
0.0000
  
2/20/2004
  
$11.25000
  
2.4204
  
0.0334
  
0.0011
  
2/19/2004
  
$10.88000
  
2.3869
  
-0.0432
  
0.0019
  
2/18/2004
  
$11.36000
  
2.4301
  
0.0322
  
0.0010
  
2/17/2004
  
$11.00000
  
2.3979
  
-0.0144
  
0.0002
  
2/13/2004
  
$11.16000
  
2.4123
  
-0.0080
  
0.0001
  
2/12/2004
  
$11.25000
  
2.4204
  
-0.0375
  
0.0014
  
2/11/2004
  
$11.68000
  
2.4579
  
0.0026
  
0.0000
  
2/10/2004
  
$11.65000
  
2.4553
  
-0.0102
  
0.0001
  
2/9/2004
  
$11.77000
  
2.4656
  
0.0060
  
0.0000
  
2/6/2004
  
$11.70000
  
2.4596
  
0.0428
  
0.0018
  
2/5/2004
  
$11.21000
  
2.4168
  
-0.0555
  
0.0031
  
2/4/2004
  
$11.85000
  
2.4723
  
0.0085
  
0.0001
  
2/3/2004
  
$11.75000
  
2.4639
  
0.0120
  
0.0001
  
2/2/2004
  
$11.61000
  
2.4519
  
0.0043
  
0.0000
  
1/30/2004
  
$11.56000
  
2.4476
  
0.0069
  
0.0000
  
1/29/2004
  
$11.48000
  
2.4406
  
-0.0435
  
0.0019
  
1/28/2004
  
$11.99000
  
2.4841
  
-0.0033
  
0.0000
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  14
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
1/27/2004
  
$12.03000
  
2.4874
  
0.0017
  
0.0000
  
1/26/2004
  
$12.01000
  
2.4857
  
-0.0165
  
0.0003
  
1/23/2004
  
$12.21000
  
2.5023
  
-0.0025
  
0.0000
  
1/22/2004
  
$12.24000
  
2.5047
  
0.0008
  
0.0000
  
1/21/2004
  
$12.23000
  
2.5039
  
0.0207
  
0.0004
  
1/20/2004
  
$11.98000
  
2.4832
  
0.0042
  
0.0000
  
1/16/2004
  
$11.93000
  
2.4791
  
0.0195
  
0.0004
  
1/15/2004
  
$11.70000
  
2.4596
  
-0.0369
  
0.0014
  
1/14/2004
  
$12.14000
  
2.4965
  
0.0284
  
0.0008
  
1/13/2004
  
$11.80000
  
2.4681
  
-0.0126
  
0.0002
  
1/12/2004
  
$11.95000
  
2.4807
  
0.0542
  
0.0029
  
1/9/2004
  
$11.32000
  
2.4266
  
0.0018
  
0.0000
  
1/8/2004
  
$11.30000
  
2.4248
  
0.0564
  
0.0032
  
1/7/2004
  
$10.68000
  
2.3684
  
-0.0222
  
0.0005
  
1/6/2004
  
$10.92000
  
2.3906
  
0.0083
  
0.0001
  
1/5/2004
  
$10.83000
  
2.3823
  
-0.0055
  
0.0000
  
1/2/2004
  
$10.89000
  
2.3878
  
-0.0009
  
0.0000
  
12/31/2003
  
$10.90000
  
2.3888
  
0.0176
  
0.0003
  
12/30/2003
  
$10.71000
  
2.3712
  
0.0037
  
0.0000
  
12/29/2003
  
$10.67000
  
2.3674
  
-0.0103
  
0.0001
  
12/26/2003
  
$10.78000
  
2.3777
  
-0.0019
  
0.0000
  
12/24/2003
  
$10.80000
  
2.3795
  
-0.0074
  
0.0001
  
12/23/2003
  
$10.88000
  
2.3869
  
-0.0227
  
0.0005
  
12/22/2003
  
$11.13000
  
2.4096
  
0.0338
  
0.0011
  
12/19/2003
  
$10.76000
  
2.3758
  
-0.0587
  
0.0034
  
12/18/2003
  
$11.41000
  
2.4345
  
0.0141
  
0.0002
  
12/17/2003
  
$11.25000
  
2.4204
  
0.0071
  
0.0001
  
12/16/2003
  
$11.17000
  
2.4132
  
-0.0239
  
0.0006
  
12/15/2003
  
$11.44000
  
2.4371
  
0.0167
  
0.0003
  
12/12/2003
  
$11.25000
  
2.4204
  
0.0179
  
0.0003
  
12/11/2003
  
$11.05000
  
2.4024
  
0.0294
  
0.0009
  
12/10/2003
  
$10.73000
  
2.3730
  
-0.0339
  
0.0011
  
12/9/2003
  
$11.10000
  
2.4069
  
-0.0449
  
0.0020
  
12/8/2003
  
$11.61000
  
2.4519
  
0.0191
  
0.0004
  
12/5/2003
  
$11.39000
  
2.4327
  
0.0062
  
0.0000
  
12/4/2003
  
$11.32000
  
2.4266
  
-0.0287
  
0.0008
  
12/3/2003
  
$11.65000
  
2.4553
  
0.0000
  
0.0000
  
12/2/2003
  
$11.65000
  
2.4553
  
-0.0085
  
0.0001
  
12/1/2003
  
$11.75000
  
2.4639
  
0.0426
  
0.0018
  
11/28/2003
  
$11.26000
  
2.4213
  
-0.0035
  
0.0000
  
11/26/2003
  
$11.30000
  
2.4248
  
-0.0175
  
0.0003
  
11/25/2003
  
$11.50000
  
2.4423
  
0.0490
  
0.0024
  
11/24/2003
  
$10.95000
  
2.3933
  
0.0622
  
0.0039
  
11/21/2003
  
$10.29000
  
2.3312
  
0.0196
  
0.0004
  
11/20/2003
  
$10.09000
  
2.3115
  
-0.0274
  
0.0007
  
11/19/2003
  
$10.37000
  
2.3389
  
-0.0144
  
0.0002
  
11/18/2003
  
$10.52000
  
2.3533
  
-0.0170
  
0.0003
  
11/17/2003
  
$10.70000
  
2.3702
  
0.0000
  
0.0000
  
11/14/2003
  
$10.70000
  
2.3702
  
-0.0121
  
0.0001
  
11/13/2003
  
$10.83000
  
2.3823
  
0.0074
  
0.0001
  
11/12/2003
  
$10.75000
  
2.3749
  
0.0178
  
0.0003
  
11/11/2003
  
$10.56000
  
2.3571
  
-0.0160
  
0.0003
  
11/10/2003
  
$10.73000
  
2.3730
  
0.0217
  
0.0005
  
11/7/2003
  
$10.50000
  
2.3514
  
-0.0346
  
0.0012
  
11/6/2003
  
$10.87000
  
2.3860
  
-0.0146
  
0.0002
  
11/5/2003
  
$11.03000
  
2.4006
  
-0.0108
  
0.0001
  
11/4/2003
  
$11.15000
  
2.4114
  
0.0009
  
0.0000
  
11/3/2003
  
$11.14000
  
2.4105
  
0.0384
  
0.0015
  
10/31/2003
  
$10.72000
  
2.3721
  
0.0322
  
0.0010
  
10/30/2003
  
$10.38000
  
2.3399
  
0.0019
  
0.0000
  
10/29/2003
  
$10.36000
  
2.3380
  
-0.0039
  
0.0000
  
10/28/2003
  
$10.40000
  
2.3418
  
-0.0256
  
0.0007
  
10/27/2003
  
$10.67000
  
2.3674
  
0.0066
  
0.0000
  
10/24/2003
  
$10.60000
  
2.3609
  
0.0229
  
0.0005
  
10/23/2003
  
$10.36000
  
2.3380
  
-0.0182
  
0.0003
  
10/22/2003
  
$10.55000
  
2.3561
  
-0.0085
  
0.0001
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  15
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
10/21/2003
  
$10.64000
  
2.3646
  
-0.0241
  
0.0006
  
10/20/2003
  
$10.90000
  
2.3888
  
0.0046
  
0.0000
  
10/17/2003
  
$10.85000
  
2.3842
  
-0.0055
  
0.0000
  
10/16/2003
  
$10.91000
  
2.3897
  
0.1331
  
0.0177
  
10/15/2003
  
$9.55000
  
2.2565
  
0.0116
  
0.0001
  
10/14/2003
  
$9.44000
  
2.2450
  
0.0378
  
0.0014
  
10/13/2003
  
$9.09000
  
2.2072
  
0.0066
  
0.0000
  
10/10/2003
  
$9.03000
  
2.2006
  
-0.0187
  
0.0003
  
10/9/2003
  
$9.20000
  
2.2192
  
-0.0258
  
0.0007
  
10/8/2003
  
$9.44000
  
2.2450
  
0.0053
  
0.0000
  
10/7/2003
  
$9.39000
  
2.2396
  
0.0043
  
0.0000
  
10/6/2003
  
$9.35000
  
2.2354
  
0.0086
  
0.0001
  
10/3/2003
  
$9.27000
  
2.2268
  
0.0130
  
0.0002
  
10/2/2003
  
$9.15000
  
2.2138
  
0.0165
  
0.0003
  
10/1/2003
  
$9.00000
  
2.1972
  
-0.0220
  
0.0005
  
9/30/2003
  
$9.20000
  
2.2192
  
0.0109
  
0.0001
  
9/29/2003
  
$9.10000
  
2.2083
  
-0.0153
  
0.0002
  
9/26/2003
  
$9.24000
  
2.2235
  
-0.0382
  
0.0015
  
9/25/2003
  
$9.60000
  
2.2618
  
-0.0567
  
0.0032
  
9/24/2003
  
$10.16000
  
2.3185
  
0.0159
  
0.0003
  
9/23/2003
  
$10.00000
  
2.3026
  
0.0182
  
0.0003
  
9/22/2003
  
$9.82000
  
2.2844
  
-0.0041
  
0.0000
  
9/19/2003
  
$9.86000
  
2.2885
  
0.0467
  
0.0022
  
9/18/2003
  
$9.41000
  
2.2418
  
0.0139
  
0.0002
  
9/17/2003
  
$9.28000
  
2.2279
  
0.0000
  
0.0000
  
9/16/2003
  
$9.28000
  
2.2279
  
0.0065
  
0.0000
  
9/15/2003
  
$9.22000
  
2.2214
  
-0.0193
  
0.0004
  
9/12/2003
  
$9.40000
  
2.2407
  
0.0064
  
0.0000
  
9/11/2003
  
$9.34000
  
2.2343
  
-0.0128
  
0.0002
  
9/10/2003
  
$9.46000
  
2.2471
  
-0.0605
  
0.0037
  
9/9/2003
  
$10.05000
  
2.3076
  
0.0500
  
0.0025
  
9/8/2003
  
$9.56000
  
2.2576
  
0.0297
  
0.0009
  
9/5/2003
  
$9.28000
  
2.2279
  
0.0588
  
0.0035
  
9/4/2003
  
$8.75000
  
2.1691
  
0.0480
  
0.0023
  
9/3/2003
  
$8.34000
  
2.1211
  
-0.0249
  
0.0006
  
9/2/2003
  
$8.55000
  
2.1459
  
-0.0023
  
0.0000
  
9/1/2003
  
$8.57000
  
2.1483
  
0.0000
  
0.0000
  
8/29/2003
  
$8.57000
  
2.1483
  
0.0012
  
0.0000
  
8/28/2003
  
$8.56000
  
2.1471
  
0.0333
  
0.0011
  
8/27/2003
  
$8.28000
  
2.1138
  
0.1679
  
0.0282
  
8/26/2003
  
$7.00000
  
1.9459
  
-0.0583
  
0.0034
  
8/25/2003
  
$7.42000
  
2.0042
  
-0.0067
  
0.0000
  
8/22/2003
  
$7.47000
  
2.0109
  
-0.0277
  
0.0008
  
8/21/2003
  
$7.68000
  
2.0386
  
0.0426
  
0.0018
  
8/20/2003
  
$7.36000
  
1.9961
  
0.0289
  
0.0008
  
8/19/2003
  
$7.15000
  
1.9671
  
-0.0194
  
0.0004
  
8/18/2003
  
$7.29000
  
1.9865
  
-0.0055
  
0.0000
  
8/15/2003
  
$7.33000
  
1.9920
  
0.0319
  
0.0010
  
8/14/2003
  
$7.10000
  
1.9601
  
-0.0098
  
0.0001
  
8/13/2003
  
$7.17000
  
1.9699
  
-0.0316
  
0.0010
  
8/12/2003
  
$7.40000
  
2.0015
  
0.0260
  
0.0007
  
8/11/2003
  
$7.21000
  
1.9755
  
-0.0165
  
0.0003
  
8/8/2003
  
$7.33000
  
1.9920
  
-0.0109
  
0.0001
  
8/7/2003
  
$7.41000
  
2.0028
  
0.0000
  
0.0000
  
8/6/2003
  
$7.41000
  
2.0028
  
0.0081
  
0.0001
  
8/5/2003
  
$7.35000
  
1.9947
  
0.0123
  
0.0002
  
8/4/2003
  
$7.26000
  
1.9824
  
-0.0218
  
0.0005
  
8/1/2003
  
$7.42000
  
2.0042
  
-0.0174
  
0.0003
  
7/31/2003
  
$7.55000
  
2.0215
  
0.0133
  
0.0002
  
7/30/2003
  
$7.45000
  
2.0082
  
-0.0382
  
0.0015
  
7/29/2003
  
$7.74000
  
2.0464
  
0.0315
  
0.0010
  
7/28/2003
  
$7.50000
  
2.0149
  
-0.0302
  
0.0009
  
7/25/2003
  
$7.73000
  
2.0451
  
0.0531
  
0.0028
  
7/24/2003
  
$7.33000
  
1.9920
  
-0.0136
  
0.0002
  
7/23/2003
  
$7.43000
  
2.0055
  
0.0068
  
0.0000
  
7/22/2003
  
$7.38000
  
1.9988
  
-0.0188
  
0.0004
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  16
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
7/21/2003
  
$7.52000
  
2.0176
  
-0.0314
  
0.0010
  
7/18/2003
  
$7.76000
  
2.0490
  
0.0013
  
0.0000
  
7/17/2003
  
$7.75000
  
2.0477
  
0.0328
  
0.0011
  
7/16/2003
  
$7.50000
  
2.0149
  
0.0380
  
0.0014
  
7/15/2003
  
$7.22000
  
1.9769
  
-0.0314
  
0.0010
  
7/14/2003
  
$7.45000
  
2.0082
  
-0.0382
  
0.0015
  
7/11/2003
  
$7.74000
  
2.0464
  
0.0531
  
0.0028
  
7/10/2003
  
$7.34000
  
1.9933
  
-0.0229
  
0.0005
  
7/9/2003
  
$7.51000
  
2.0162
  
0.0013
  
0.0000
  
7/8/2003
  
$7.50000
  
2.0149
  
0.0121
  
0.0001
  
7/7/2003
  
$7.41000
  
2.0028
  
-0.0319
  
0.0010
  
7/4/2003
  
$7.65000
  
2.0347
  
0.0000
  
0.0000
  
7/3/2003
  
$7.65000
  
2.0347
  
0.0359
  
0.0013
  
7/2/2003
  
$7.38000
  
1.9988
  
0.0760
  
0.0058
  
7/1/2003
  
$6.84000
  
1.9228
  
-0.0087
  
0.0001
  
6/30/2003
  
$6.90000
  
1.9315
  
-0.0172
  
0.0003
  
6/27/2003
  
$7.02000
  
1.9488
  
0.0245
  
0.0006
  
6/26/2003
  
$6.85000
  
1.9242
  
0.0633
  
0.0040
  
6/25/2003
  
$6.43000
  
1.8610
  
-0.0515
  
0.0027
  
6/24/2003
  
$6.77000
  
1.9125
  
-0.0147
  
0.0002
  
6/23/2003
  
$6.87000
  
1.9272
  
-0.0187
  
0.0004
  
6/20/2003
  
$7.00000
  
1.9459
  
0.0129
  
0.0002
  
6/19/2003
  
$6.91000
  
1.9330
  
0.0596
  
0.0036
  
6/18/2003
  
$6.51000
  
1.8733
  
-0.0152
  
0.0002
  
6/17/2003
  
$6.61000
  
1.8886
  
-0.0105
  
0.0001
  
6/16/2003
  
$6.68000
  
1.8991
  
-0.0030
  
0.0000
  
6/13/2003
  
$6.70000
  
1.9021
  
-0.0467
  
0.0022
  
6/12/2003
  
$7.02000
  
1.9488
  
0.0693
  
0.0048
  
6/11/2003
  
$6.55000
  
1.8795
  
0.0046
  
0.0000
  
6/10/2003
  
$6.52000
  
1.8749
  
-0.0494
  
0.0024
  
6/9/2003
  
$6.85000
  
1.9242
  
-0.0429
  
0.0018
  
6/6/2003
  
$7.15000
  
1.9671
  
0.0650
  
0.0042
  
6/5/2003
  
$6.70000
  
1.9021
  
0.0955
  
0.0091
  
6/4/2003
  
$6.09000
  
1.8066
  
0.0488
  
0.0024
  
6/3/2003
  
$5.80000
  
1.7579
  
0.0000
  
0.0000
  
6/2/2003
  
$5.80000
  
1.7579
  
-0.0086
  
0.0001
  
5/30/2003
  
$5.85000
  
1.7664
  
0.0000
  
0.0000
  
5/29/2003
  
$5.85000
  
1.7664
  
0.0260
  
0.0007
  
5/28/2003
  
$5.70000
  
1.7405
  
-0.0052
  
0.0000
  
5/27/2003
  
$5.73000
  
1.7457
  
0.0247
  
0.0006
  
5/26/2003
  
$5.59000
  
1.7210
  
0.0000
  
0.0000
  
5/23/2003
  
$5.59000
  
1.7210
  
0.0036
  
0.0000
  
5/22/2003
  
$5.57000
  
1.7174
  
-0.0036
  
0.0000
  
5/21/2003
  
$5.59000
  
1.7210
  
-0.0230
  
0.0005
  
5/20/2003
  
$5.72000
  
1.7440
  
-0.0070
  
0.0000
  
5/19/2003
  
$5.76000
  
1.7509
  
-0.0206
  
0.0004
  
5/16/2003
  
$5.88000
  
1.7716
  
0.0017
  
0.0000
  
5/15/2003
  
$5.87000
  
1.7699
  
0.0172
  
0.0003
  
5/14/2003
  
$5.77000
  
1.7527
  
-0.0374
  
0.0014
  
5/13/2003
  
$5.99000
  
1.7901
  
-0.0067
  
0.0000
  
5/12/2003
  
$6.03000
  
1.7967
  
0.0201
  
0.0004
  
5/9/2003
  
$5.91000
  
1.7766
  
-0.0184
  
0.0003
  
5/8/2003
  
$6.02000
  
1.7951
  
-0.0311
  
0.0010
  
5/7/2003
  
$6.21000
  
1.8262
  
0.0770
  
0.0059
  
5/6/2003
  
$5.75000
  
1.7492
  
0.0721
  
0.0052
  
5/5/2003
  
$5.35000
  
1.6771
  
-0.0581
  
0.0034
  
5/2/2003
  
$5.67000
  
1.7352
  
0.0751
  
0.0056
  
5/1/2003
  
$5.26000
  
1.6601
  
0.0115
  
0.0001
  
4/30/2003
  
$5.20000
  
1.6487
  
0.0000
  
0.0000
  
4/29/2003
  
$5.20000
  
1.6487
  
0.0136
  
0.0002
  
4/28/2003
  
$5.13000
  
1.6351
  
0.0257
  
0.0007
  
4/25/2003
  
$5.00000
  
1.6094
  
-0.0807
  
0.0065
  
4/24/2003
  
$5.42000
  
1.6901
  
-0.0055
  
0.0000
  
4/23/2003
  
$5.45000
  
1.6956
  
-0.1225
  
0.0150
  
4/22/2003
  
$6.16000
  
1.8181
  
0.0147
  
0.0002
  
4/21/2003
  
$6.07000
  
1.8034
  
-0.0131
  
0.0002
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  17
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
4/18/2003
  
$6.15000
  
1.8165
  
0.0000
  
0.0000
  
4/17/2003
  
$6.15000
  
1.8165
  
0.0848
  
0.0072
  
4/16/2003
  
$5.65000
  
1.7317
  
-0.0517
  
0.0027
  
4/15/2003
  
$5.95000
  
1.7834
  
-0.0084
  
0.0001
  
4/14/2003
  
$6.00000
  
1.7918
  
0.0530
  
0.0028
  
4/11/2003
  
$5.69000
  
1.7387
  
0.0449
  
0.0020
  
4/10/2003
  
$5.44000
  
1.6938
  
-0.0055
  
0.0000
  
4/9/2003
  
$5.47000
  
1.6993
  
0.0000
  
0.0000
  
4/8/2003
  
$5.47000
  
1.6993
  
-0.0603
  
0.0036
  
4/7/2003
  
$5.81000
  
1.7596
  
-0.0204
  
0.0004
  
4/4/2003
  
$5.93000
  
1.7800
  
-0.0364
  
0.0013
  
4/3/2003
  
$6.15000
  
1.8165
  
-0.0129
  
0.0002
  
4/2/2003
  
$6.23000
  
1.8294
  
0.0527
  
0.0028
  
4/1/2003
  
$5.91000
  
1.7766
  
0.2815
  
0.0792
  
3/31/2003
  
$4.46000
  
1.4951
  
0.0964
  
0.0093
  
3/28/2003
  
$4.05000
  
1.3987
  
0.0480
  
0.0023
  
3/27/2003
  
$3.86000
  
1.3507
  
-0.0306
  
0.0009
  
3/26/2003
  
$3.98000
  
1.3813
  
-0.0199
  
0.0004
  
3/25/2003
  
$4.06000
  
1.4012
  
-0.0267
  
0.0007
  
3/24/2003
  
$4.17000
  
1.4279
  
-0.0377
  
0.0014
  
3/21/2003
  
$4.33000
  
1.4656
  
-0.0046
  
0.0000
  
3/20/2003
  
$4.35000
  
1.4702
  
-0.0339
  
0.0011
  
3/19/2003
  
$4.50000
  
1.5041
  
0.0000
  
0.0000
  
3/18/2003
  
$4.50000
  
1.5041
  
-0.0541
  
0.0029
  
3/17/2003
  
$4.75000
  
1.5581
  
0.0652
  
0.0043
  
3/14/2003
  
$4.45000
  
1.4929
  
-0.0440
  
0.0019
  
3/13/2003
  
$4.65000
  
1.5369
  
-0.0213
  
0.0005
  
3/12/2003
  
$4.75000
  
1.5581
  
-0.0105
  
0.0001
  
3/11/2003
  
$4.80000
  
1.5686
  
-0.0587
  
0.0034
  
3/10/2003
  
$5.09000
  
1.6273
  
0.0020
  
0.0000
  
3/7/2003
  
$5.08000
  
1.6253
  
-0.0794
  
0.0063
  
3/6/2003
  
$5.50000
  
1.7047
  
-0.0357
  
0.0013
  
3/5/2003
  
$5.70000
  
1.7405
  
-0.0579
  
0.0034
  
3/4/2003
  
$6.04000
  
1.7984
  
0.0066
  
0.0000
  
3/3/2003
  
$6.00000
  
1.7918
  
0.0000
  
0.0000
  
2/28/2003
  
$6.00000
  
1.7918
  
-0.0132
  
0.0002
  
2/27/2003
  
$6.08000
  
1.8050
  
0.0166
  
0.0003
  
2/26/2003
  
$5.98000
  
1.7884
  
-0.1152
  
0.0133
  
2/25/2003
  
$6.71000
  
1.9036
  
-0.0380
  
0.0014
  
2/24/2003
  
$6.97000
  
1.9416
  
-0.0394
  
0.0016
  
2/21/2003
  
$7.25000
  
1.9810
  
-0.0178
  
0.0003
  
2/20/2003
  
$7.38000
  
1.9988
  
0.0095
  
0.0001
  
2/19/2003
  
$7.31000
  
1.9892
  
-0.0468
  
0.0022
  
2/18/2003
  
$7.66000
  
2.0360
  
0.0000
  
0.0000
  
2/17/2003
  
$7.66000
  
2.0360
  
0.0291
  
0.0009
  
2/14/2003
  
$7.44000
  
2.0069
  
-0.0120
  
0.0001
  
2/13/2003
  
$7.53000
  
2.0189
  
-0.0262
  
0.0007
  
2/12/2003
  
$7.73000
  
2.0451
  
-0.0255
  
0.0007
  
2/11/2003
  
$7.93000
  
2.0707
  
0.0504
  
0.0025
  
2/10/2003
  
$7.54000
  
2.0202
  
-0.0145
  
0.0002
  
2/7/2003
  
$7.65000
  
2.0347
  
-0.0194
  
0.0004
  
2/6/2003
  
$7.80000
  
2.0541
  
-0.0241
  
0.0006
  
2/5/2003
  
$7.99000
  
2.0782
  
0.0305
  
0.0009
  
2/4/2003
  
$7.75000
  
2.0477
  
0.0408
  
0.0017
  
2/3/2003
  
$7.44000
  
2.0069
  
0.0356
  
0.0013
  
1/31/2003
  
$7.18000
  
1.9713
  
0.0197
  
0.0004
  
1/30/2003
  
$7.04000
  
1.9516
  
-0.0363
  
0.0013
  
1/29/2003
  
$7.30000
  
1.9879
  
0.0264
  
0.0007
  
1/28/2003
  
$7.11000
  
1.9615
  
0.0228
  
0.0005
  
1/27/2003
  
$6.95000
  
1.9387
  
-0.0339
  
0.0012
  
1/24/2003
  
$7.19000
  
1.9727
  
0.0112
  
0.0001
  
1/23/2003
  
$7.11000
  
1.9615
  
0.0314
  
0.0010
  
1/22/2003
  
$6.89000
  
1.9301
  
-0.0215
  
0.0005
  
1/21/2003
  
$7.04000
  
1.9516
  
-0.0225
  
0.0005
  
1/20/2003
  
$7.20000
  
1.9741
  
0.0000
  
0.0000
  
1/17/2003
  
$7.20000
  
1.9741
  
-0.0165
  
0.0003
  
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  18
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
1/16/2003
  
$7.32000
  
1.9906
  
-0.0176
  
0.0003
  
1/15/2003
  
$7.45000
  
2.0082
  
-0.0133
  
0.0002
  
1/14/2003
  
$7.55000
  
2.0215
  
-0.0654
  
0.0043
  
1/13/2003
  
$8.06000
  
2.0869
  
-0.0614
  
0.0038
  
1/10/2003
  
$8.57000
  
2.1483
  
-0.0174
  
0.0003
  
1/9/2003
  
$8.72000
  
2.1656
  
0.0197
  
0.0004
  
1/8/2003
  
$8.55000
  
2.1459
  
-0.0174
  
0.0003
  
1/7/2003
  
$8.70000
  
2.1633
  
-0.0114
  
0.0001
  
1/6/2003
  
$8.80000
  
2.1748
  
0.0160
  
0.0003
  
1/3/2003
  
$8.66000
  
2.1587
  
0.0012
  
0.0000
  
1/2/2003
  
$8.65000
  
2.1576
  
0.0175
  
0.0003
  
1/1/2003
  
$8.50000
  
2.1401
  
0.0000
  
0.0000
  
12/31/2002
  
$8.50000
  
2.1401
  
-0.0175
  
0.0003
  
12/30/2002
  
$8.65000
  
2.1576
  
0.0401
  
0.0016
  
12/27/2002
  
$8.31000
  
2.1175
  
-0.0516
  
0.0027
  
12/26/2002
  
$8.75000
  
2.1691
  
0.0000
  
0.0000
  
12/25/2002
  
$8.75000
  
2.1691
  
0.0057
  
0.0000
  
12/24/2002
  
$8.70000
  
2.1633
  
-0.0171
  
0.0003
  
12/23/2002
  
$8.85000
  
2.1804
  
0.0114
  
0.0001
  
12/20/2002
  
$8.75000
  
2.1691
  
0.0290
  
0.0008
  
12/19/2002
  
$8.50000
  
2.1401
  
-0.0460
  
0.0021
  
12/18/2002
  
$8.90000
  
2.1861
  
-0.0440
  
0.0019
  
12/17/2002
  
$9.30000
  
2.2300
  
-0.0021
  
0.0000
  
12/16/2002
  
$9.32000
  
2.2322
  
0.0294
  
0.0009
  
12/13/2002
  
$9.05000
  
2.2028
  
-0.0240
  
0.0006
  
12/12/2002
  
$9.27000
  
2.2268
  
-0.0277
  
0.0008
  
12/11/2002
  
$9.53000
  
2.2544
  
0.0331
  
0.0011
  
12/10/2002
  
$9.22000
  
2.2214
  
0.0098
  
0.0001
  
12/9/2002
  
$9.13000
  
2.2116
  
-0.0860
  
0.0074
  
12/6/2002
  
$9.95000
  
2.2976
  
0.1206
  
0.0145
  
12/5/2002
  
$8.82000
  
2.1770
  
-0.0045
  
0.0000
  
12/4/2002
  
$8.86000
  
2.1815
  
0.0182
  
0.0003
  
12/3/2002
  
$8.70000
  
2.1633
  
-0.0559
  
0.0031
  
12/2/2002
  
$9.20000
  
2.2192
  
0.0332
  
0.0011
  
11/29/2002
  
$8.90000
  
2.1861
  
0.0000
  
0.0000
  
11/28/2002
  
$8.90000
  
2.1861
  
-0.0056
  
0.0000
  
11/27/2002
  
$8.95000
  
2.1917
  
0.0399
  
0.0016
  
11/26/2002
  
$8.60000
  
2.1518
  
-0.0631
  
0.0040
  
11/25/2002
  
$9.16000
  
2.2148
  
0.0022
  
0.0000
  
11/22/2002
  
$9.14000
  
2.2127
  
0.0413
  
0.0017
  
11/21/2002
  
$8.77000
  
2.1713
  
0.1083
  
0.0117
  
11/20/2002
  
$7.87000
  
2.0631
  
0.1058
  
0.0112
  
11/19/2002
  
$7.08000
  
1.9573
  
-0.0891
  
0.0079
  
11/18/2002
  
$7.74000
  
2.0464
  
-0.0393
  
0.0015
  
11/15/2002
  
$8.05000
  
2.0857
  
0.0000
  
0.0000
  
11/14/2002
  
$8.05000
  
2.0857
  
0.0575
  
0.0033
  
11/13/2002
  
$7.60000
  
2.0281
  
-0.0066
  
0.0000
  
11/12/2002
  
$7.65000
  
2.0347
  
0.0000
  
0.0000
  
11/11/2002
  
$7.65000
  
2.0347
  
0.0039
  
0.0000
  
11/8/2002
  
$7.62000
  
2.0308
  
0.0334
  
0.0011
  
11/7/2002
  
$7.37000
  
1.9974
  
0.0515
  
0.0027
  
11/6/2002
  
$7.00000
  
1.9459
  
-0.0071
  
0.0001
  
11/5/2002
  
$7.05000
  
1.9530
  
-0.0071
  
0.0000
  
11/4/2002
  
$7.10000
  
1.9601
  
-0.0615
  
0.0038
  
11/1/2002
  
$7.55000
  
2.0215
  
0.0544
  
0.0030
  
10/31/2002
  
$7.15000
  
1.9671
  
0.0070
  
0.0000
  
10/30/2002
  
$7.10000
  
1.9601
  
0.0432
  
0.0019
  
10/29/2002
  
$6.80000
  
1.9169
  
0.0344
  
0.0012
  
10/28/2002
  
$6.57000
  
1.8825
  
0.0107
  
0.0001
  
10/25/2002
  
$6.50000
  
1.8718
  
0.0784
  
0.0061
  
10/24/2002
  
$6.01000
  
1.7934
  
-0.1264
  
0.0160
  
10/23/2002
  
$6.82000
  
1.9199
  
0.1864
  
0.0348
  
10/22/2002
  
$5.66000
  
1.7334
  
0.0752
  
0.0057
  
10/21/2002
  
$5.25000
  
1.6582
  
-0.0465
  
0.0022
  
10/18/2002
  
$5.50000
  
1.7047
  
0.0147
  
0.0002
  
10/17/2002
  
$5.42000
  
1.6901
  
0.0186
  
0.0003
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  19
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
10/16/2002
  
$5.32000
  
1.6715
  
0.0620
  
0.0039
  
10/15/2002
  
$5.00000
  
1.6094
  
0.2256
  
0.0509
  
10/14/2002
  
$3.99000
  
1.3838
  
-0.0887
  
0.0079
  
10/11/2002
  
$4.36000
  
1.4725
  
-0.0091
  
0.0001
  
10/10/2002
  
$4.40000
  
1.4816
  
0.0465
  
0.0022
  
10/9/2002
  
$4.20000
  
1.4351
  
-0.3141
  
0.0987
  
10/8/2002
  
$5.75000
  
1.7492
  
0.1702
  
0.0290
  
10/7/2002
  
$4.85000
  
1.5790
  
-0.3261
  
0.1063
  
10/4/2002
  
$6.72000
  
1.9051
  
-0.0910
  
0.0083
  
10/3/2002
  
$7.36000
  
1.9961
  
-0.0188
  
0.0004
  
10/2/2002
  
$7.50000
  
2.0149
  
-0.0892
  
0.0080
  
10/1/2002
  
$8.20000
  
2.1041
  
-0.0359
  
0.0013
  
9/30/2002
  
$8.50000
  
2.1401
  
-0.0627
  
0.0039
  
9/27/2002
  
$9.05000
  
2.2028
  
-0.0432
  
0.0019
  
9/26/2002
  
$9.45000
  
2.2460
  
0.0106
  
0.0001
  
9/25/2002
  
$9.35000
  
2.2354
  
-0.0149
  
0.0002
  
9/24/2002
  
$9.49000
  
2.2502
  
0.0564
  
0.0032
  
9/23/2002
  
$8.97000
  
2.1939
  
-0.0361
  
0.0013
  
9/20/2002
  
$9.30000
  
2.2300
  
-0.0369
  
0.0014
  
9/19/2002
  
$9.65000
  
2.2670
  
-0.0256
  
0.0007
  
9/18/2002
  
$9.90000
  
2.2925
  
-0.0101
  
0.0001
  
9/17/2002
  
$10.00000
  
2.3026
  
0.0587
  
0.0034
  
9/16/2002
  
$9.43000
  
2.2439
  
0.0456
  
0.0021
  
9/13/2002
  
$9.01000
  
2.1983
  
-0.0306
  
0.0009
  
9/12/2002
  
$9.29000
  
2.2289
  
-0.0022
  
0.0000
  
9/11/2002
  
$9.31000
  
2.2311
  
0.0022
  
0.0000
  
9/10/2002
  
$9.29000
  
2.2289
  
-0.0107
  
0.0001
  
9/9/2002
  
$9.39000
  
2.2396
  
0.0096
  
0.0001
  
9/6/2002
  
$9.30000
  
2.2300
  
-0.0554
  
0.0031
  
9/5/2002
  
$9.83000
  
2.2854
  
-0.0030
  
0.0000
  
9/4/2002
  
$9.86000
  
2.2885
  
0.0010
  
0.0000
  
9/3/2002
  
$9.85000
  
2.2875
  
-0.0051
  
0.0000
  
9/2/2002
  
$9.90000
  
2.2925
  
0.0000
  
0.0000
  
8/30/2002
  
$9.90000
  
2.2925
  
0.0679
  
0.0046
  
8/29/2002
  
$9.25000
  
2.2246
  
0.0671
  
0.0045
  
8/28/2002
  
$8.65000
  
2.1576
  
-0.4414
  
0.1948
  
8/27/2002
  
$13.45000
  
2.5990
  
-0.0184
  
0.0003
  
8/26/2002
  
$13.70000
  
2.6174
  
0.0236
  
0.0006
  
8/23/2002
  
$13.38000
  
2.5938
  
-0.0538
  
0.0029
  
8/22/2002
  
$14.12000
  
2.6476
  
-0.0056
  
0.0000
  
8/21/2002
  
$14.20000
  
2.6532
  
-0.0216
  
0.0005
  
8/20/2002
  
$14.51000
  
2.6748
  
0.0538
  
0.0029
  
8/19/2002
  
$13.75000
  
2.6210
  
0.1017
  
0.0104
  
8/16/2002
  
$12.42000
  
2.5193
  
0.0428
  
0.0018
  
8/15/2002
  
$11.90000
  
2.4765
  
0.0169
  
0.0003
  
8/14/2002
  
$11.70000
  
2.4596
  
0.0172
  
0.0003
  
8/13/2002
  
$11.50000
  
2.4423
  
-0.0112
  
0.0001
  
8/12/2002
  
$11.63000
  
2.4536
  
-0.0657
  
0.0043
  
8/9/2002
  
$12.42000
  
2.5193
  
-0.0056
  
0.0000
  
8/8/2002
  
$12.49000
  
2.5249
  
-0.0127
  
0.0002
  
8/7/2002
  
$12.65000
  
2.5377
  
0.0000
  
0.0000
  
8/6/2002
  
$12.65000
  
2.5377
  
0.0910
  
0.0083
  
8/5/2002
  
$11.55000
  
2.4467
  
0.0479
  
0.0023
  
8/2/2002
  
$11.01000
  
2.3988
  
-0.1646
  
0.0271
  
8/1/2002
  
$12.98000
  
2.5634
  
-0.0092
  
0.0001
  
7/31/2002
  
$13.10000
  
2.5726
  
0.0630
  
0.0040
  
7/30/2002
  
$12.30000
  
2.5096
  
-0.0169
  
0.0003
  
7/29/2002
  
$12.51000
  
2.5265
  
0.0929
  
0.0086
  
7/26/2002
  
$11.40000
  
2.4336
  
0.0624
  
0.0039
  
7/25/2002
  
$10.71000
  
2.3712
  
0.0686
  
0.0047
  
7/24/2002
  
$10.00000
  
2.3026
  
-0.0198
  
0.0004
  
7/23/2002
  
$10.20000
  
2.3224
  
0.0606
  
0.0037
  
7/22/2002
  
$9.60000
  
2.2618
  
-0.0752
  
0.0057
  
7/19/2002
  
$10.35000
  
2.3370
  
-0.1379
  
0.0190
  
7/18/2002
  
$11.88000
  
2.4749
  
0.0421
  
0.0018
  
7/17/2002
  
$11.39000
  
2.4327
  
-0.0438
  
0.0019
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  20
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
7/16/2002
  
$11.90000
  
2.4765
  
-0.2675
  
0.0716
  
7/15/2002
  
$15.55000
  
2.7441
  
0.0699
  
0.0049
  
7/12/2002
  
$14.50000
  
2.6741
  
-0.0602
  
0.0036
  
7/11/2002
  
$15.40000
  
2.7344
  
0.0263
  
0.0007
  
7/10/2002
  
$15.00000
  
2.7081
  
0.0209
  
0.0004
  
7/9/2002
  
$14.69000
  
2.6872
  
-0.0575
  
0.0033
  
7/8/2002
  
$15.56000
  
2.7447
  
-0.1112
  
0.0124
  
7/5/2002
  
$17.39000
  
2.8559
  
0.0556
  
0.0031
  
7/4/2002
  
$16.45000
  
2.8003
  
0.0000
  
0.0000
  
7/3/2002
  
$16.45000
  
2.8003
  
0.0309
  
0.0010
  
7/2/2002
  
$15.95000
  
2.7695
  
-0.0156
  
0.0002
  
7/1/2002
  
$16.20000
  
2.7850
  
0.0056
  
0.0000
  
6/28/2002
  
$16.11000
  
2.7794
  
0.0069
  
0.0000
  
6/27/2002
  
$16.00000
  
2.7726
  
0.0984
  
0.0097
  
6/26/2002
  
$14.50000
  
2.6741
  
0.0188
  
0.0004
  
6/25/2002
  
$14.23000
  
2.6554
  
0.0453
  
0.0021
  
6/24/2002
  
$13.60000
  
2.6101
  
0.0223
  
0.0005
  
6/21/2002
  
$13.30000
  
2.5878
  
-0.0520
  
0.0027
  
6/20/2002
  
$14.01000
  
2.6398
  
-0.0099
  
0.0001
  
6/19/2002
  
$14.15000
  
2.6497
  
-0.0007
  
0.0000
  
6/18/2002
  
$14.16000
  
2.6504
  
0.0185
  
0.0003
  
6/17/2002
  
$13.90000
  
2.6319
  
0.0708
  
0.0050
  
6/14/2002
  
$12.95000
  
2.5611
  
-0.0031
  
0.0000
  
6/13/2002
  
$12.99000
  
2.5642
  
-0.0891
  
0.0079
  
6/12/2002
  
$14.20000
  
2.6532
  
-0.0278
  
0.0008
  
6/11/2002
  
$14.60000
  
2.6810
  
-0.0102
  
0.0001
  
6/10/2002
  
$14.75000
  
2.6912
  
0.0380
  
0.0014
  
6/7/2002
  
$14.20000
  
2.6532
  
0.0322
  
0.0010
  
6/6/2002
  
$13.75000
  
2.6210
  
0.0183
  
0.0003
  
6/5/2002
  
$13.50000
  
2.6027
  
0.0470
  
0.0022
  
6/4/2002
  
$12.88000
  
2.5557
  
-0.0336
  
0.0011
  
6/3/2002
  
$13.32000
  
2.5893
  
0.0445
  
0.0020
  
5/31/2002
  
$12.74000
  
2.5447
  
0.0640
  
0.0041
  
5/30/2002
  
$11.95000
  
2.4807
  
0.0427
  
0.0018
  
5/29/2002
  
$11.45000
  
2.4380
  
0.0000
  
0.0000
  
5/28/2002
  
$11.45000
  
2.4380
  
-0.0096
  
0.0001
  
5/27/2002
  
$11.56000
  
2.4476
  
0.0000
  
0.0000
  
5/24/2002
  
$11.56000
  
2.4476
  
0.0867
  
0.0075
  
5/23/2002
  
$10.60000
  
2.3609
  
-0.0233
  
0.0005
  
5/22/2002
  
$10.85000
  
2.3842
  
0.0046
  
0.0000
  
5/21/2002
  
$10.80000
  
2.3795
  
-0.0229
  
0.0005
  
5/20/2002
  
$11.05000
  
2.4024
  
0.0463
  
0.0021
  
5/17/2002
  
$10.55000
  
2.3561
  
0.0114
  
0.0001
  
5/16/2002
  
$10.43000
  
2.3447
  
-0.0076
  
0.0001
  
5/15/2002
  
$10.51000
  
2.3523
  
0.0105
  
0.0001
  
5/14/2002
  
$10.40000
  
2.3418
  
0.0243
  
0.0006
  
5/13/2002
  
$10.15000
  
2.3175
  
0.0300
  
0.0009
  
5/10/2002
  
$9.85000
  
2.2875
  
-0.0101
  
0.0001
  
5/9/2002
  
$9.95000
  
2.2976
  
0.0358
  
0.0013
  
5/8/2002
  
$9.60000
  
2.2618
  
-0.0308
  
0.0009
  
5/7/2002
  
$9.90000
  
2.2925
  
0.0153
  
0.0002
  
5/6/2002
  
$9.75000
  
2.2773
  
0.0690
  
0.0048
  
5/3/2002
  
$9.10000
  
2.2083
  
0.0565
  
0.0032
  
5/2/2002
  
$8.60000
  
2.1518
  
-0.0150
  
0.0002
  
5/1/2002
  
$8.73000
  
2.1668
  
-0.0327
  
0.0011
  
4/30/2002
  
$9.02000
  
2.1994
  
-0.0088
  
0.0001
  
4/29/2002
  
$9.10000
  
2.2083
  
-0.0217
  
0.0005
  
4/26/2002
  
$9.30000
  
2.2300
  
-0.0064
  
0.0000
  
4/25/2002
  
$9.36000
  
2.2364
  
-0.0357
  
0.0013
  
4/24/2002
  
$9.70000
  
2.2721
  
-0.0123
  
0.0002
  
4/23/2002
  
$9.82000
  
2.2844
  
0.0437
  
0.0019
  
4/22/2002
  
$9.40000
  
2.2407
  
0.0053
  
0.0000
  
4/19/2002
  
$9.35000
  
2.2354
  
0.0238
  
0.0006
  
4/18/2002
  
$9.13000
  
2.2116
  
-0.0066
  
0.0000
  
4/17/2002
  
$9.19000
  
2.2181
  
-0.0764
  
0.0058
  
4/16/2002
  
$9.92000
  
2.2946
  
0.0422
  
0.0018
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  21
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
4/15/2002
  
$9.51000
  
2.2523
  
-0.0502
  
0.0025
  
4/12/2002
  
$10.00000
  
2.3026
  
0.0101
  
0.0001
  
4/11/2002
  
$9.90000
  
2.2925
  
-0.0396
  
0.0016
  
4/10/2002
  
$10.30000
  
2.3321
  
-0.0287
  
0.0008
  
4/9/2002
  
$10.60000
  
2.3609
  
0.0543
  
0.0029
  
4/8/2002
  
$10.04000
  
2.3066
  
0.0000
  
0.0000
  
4/5/2002
  
$10.04000
  
2.3066
  
0.0928
  
0.0086
  
4/4/2002
  
$9.15000
  
2.2138
  
-0.1057
  
0.0112
  
4/3/2002
  
$10.17000
  
2.3194
  
0.0020
  
0.0000
  
4/2/2002
  
$10.15000
  
2.3175
  
0.0199
  
0.0004
  
4/1/2002
  
$9.95000
  
2.2976
  
0.1026
  
0.0105
  
3/29/2002
  
$8.98000
  
2.1950
  
0.0000
  
0.0000
  
3/28/2002
  
$8.98000
  
2.1950
  
-0.0011
  
0.0000
  
3/27/2002
  
$8.99000
  
2.1961
  
-0.0011
  
0.0000
  
3/26/2002
  
$9.00000
  
2.1972
  
0.0000
  
0.0000
  
3/25/2002
  
$9.00000
  
2.1972
  
0.0101
  
0.0001
  
3/22/2002
  
$8.91000
  
2.1872
  
0.0589
  
0.0035
  
3/21/2002
  
$8.40000
  
2.1282
  
-0.0397
  
0.0016
  
3/20/2002
  
$8.74000
  
2.1679
  
-0.0293
  
0.0009
  
3/19/2002
  
$9.00000
  
2.1972
  
-0.0055
  
0.0000
  
3/18/2002
  
$9.05000
  
2.2028
  
0.0452
  
0.0020
  
3/15/2002
  
$8.65000
  
2.1576
  
0.0869
  
0.0076
  
3/14/2002
  
$7.93000
  
2.0707
  
0.0451
  
0.0020
  
3/13/2002
  
$7.58000
  
2.0255
  
0.0445
  
0.0020
  
3/12/2002
  
$7.25000
  
1.9810
  
0.0209
  
0.0004
  
3/11/2002
  
$7.10000
  
1.9601
  
-0.0070
  
0.0000
  
3/8/2002
  
$7.15000
  
1.9671
  
0.0000
  
0.0000
  
3/7/2002
  
$7.15000
  
1.9671
  
0.0000
  
0.0000
  
3/6/2002
  
$7.15000
  
1.9671
  
0.0070
  
0.0000
  
3/5/2002
  
$7.10000
  
1.9601
  
-0.0414
  
0.0017
  
3/4/2002
  
$7.40000
  
2.0015
  
0.0570
  
0.0033
  
3/1/2002
  
$6.99000
  
1.9445
  
0.0439
  
0.0019
  
2/28/2002
  
$6.69000
  
1.9006
  
0.0396
  
0.0016
  
2/27/2002
  
$6.43000
  
1.8610
  
0.0078
  
0.0001
  
2/26/2002
  
$6.38000
  
1.8532
  
0.0614
  
0.0038
  
2/25/2002
  
$6.00000
  
1.7918
  
0.0168
  
0.0003
  
2/22/2002
  
$5.90000
  
1.7750
  
0.0000
  
0.0000
  
2/21/2002
  
$5.90000
  
1.7750
  
-0.0813
  
0.0066
  
2/20/2002
  
$6.40000
  
1.8563
  
-0.0062
  
0.0000
  
2/19/2002
  
$6.44000
  
1.8625
  
0.0380
  
0.0014
  
2/18/2002
  
$6.20000
  
1.8245
  
0.0000
  
0.0000
  
2/15/2002
  
$6.20000
  
1.8245
  
0.0328
  
0.0011
  
2/14/2002
  
$6.00000
  
1.7918
  
-0.0328
  
0.0011
  
2/13/2002
  
$6.20000
  
1.8245
  
-0.1633
  
0.0267
  
2/12/2002
  
$7.30000
  
1.9879
  
0.0783
  
0.0061
  
2/11/2002
  
$6.75000
  
1.9095
  
0.0455
  
0.0021
  
2/8/2002
  
$6.45000
  
1.8641
  
-0.0031
  
0.0000
  
2/7/2002
  
$6.47000
  
1.8672
  
0.0266
  
0.0007
  
2/6/2002
  
$6.30000
  
1.8405
  
0.0241
  
0.0006
  
2/5/2002
  
$6.15000
  
1.8165
  
0.0033
  
0.0000
  
2/4/2002
  
$6.13000
  
1.8132
  
0.0382
  
0.0015
  
2/1/2002
  
$5.90000
  
1.7750
  
0.0612
  
0.0037
  
1/31/2002
  
$5.55000
  
1.7138
  
0.0556
  
0.0031
  
1/30/2002
  
$5.25000
  
1.6582
  
0.0096
  
0.0001
  
1/29/2002
  
$5.20000
  
1.6487
  
0.0293
  
0.0009
  
1/28/2002
  
$5.05000
  
1.6194
  
0.0020
  
0.0000
  
1/25/2002
  
$5.04000
  
1.6174
  
-0.0118
  
0.0001
  
1/24/2002
  
$5.10000
  
1.6292
  
0.0400
  
0.0016
  
1/23/2002
  
$4.90000
  
1.5892
  
0.0000
  
0.0000
  
1/22/2002
  
$4.90000
  
1.5892
  
-0.0122
  
0.0001
  
1/21/2002
  
$4.96000
  
1.6014
  
0.0000
  
0.0000
  
1/18/2002
  
$4.96000
  
1.6014
  
-0.0160
  
0.0003
  
1/17/2002
  
$5.04000
  
1.6174
  
0.0180
  
0.0003
  
1/16/2002
  
$4.95000
  
1.5994
  
0.0308
  
0.0009
  
1/15/2002
  
$4.80000
  
1.5686
  
0.0000
  
0.0000
  
1/14/2002
  
$4.80000
  
1.5686
  
-0.0206
  
0.0004
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page:  22
 
FROM 6/25/1999 TO 6/25/2007
File:   Vltility
    Date:  6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
1/11/2002
  
$4.90000
  
1.5892
  
-0.0222
  
0.0005
  
1/10/2002
  
$5.01000
  
1.6114
  
0.0639
  
0.0041
  
1/9/2002
  
$4.70000
  
1.5476
  
0.0889
  
0.0079
  
1/8/2002
  
$4.30000
  
1.4586
  
0.0599
  
0.0036
  
1/7/2002
  
$4.05000
  
1.3987
  
0.0250
  
0.0006
  
1/4/2002
  
$3.95000
  
1.3737
  
-0.0025
  
0.0000
  
1/3/2002
  
$3.96000
  
1.3762
  
-0.0101
  
0.0001
  
1/2/2002
  
$4.00000
  
1.3863
  
0.0513
  
0.0026
  
1/1/2002
  
$3.80000
  
1.3350
  
0.0000
  
0.0000
  
12/31/2001
  
$3.80000
  
1.3350
  
-0.0260
  
0.0007
  
12/28/2001
  
$3.90000
  
1.3610
  
0.0446
  
0.0020
  
12/27/2001
  
$3.73000
  
1.3164
  
-0.0186
  
0.0003
  
12/26/2001
  
$3.80000
  
1.3350
  
-0.0260
  
0.0007
  
12/25/2001
  
$3.90000
  
1.3610
  
0.0000
  
0.0000
  
12/24/2001
  
$3.90000
  
1.3610
  
-0.0153
  
0.0002
  
12/21/2001
  
$3.96000
  
1.3762
  
0.0025
  
0.0000
  
12/20/2001
  
$3.95000
  
1.3737
  
-0.0126
  
0.0002
  
12/19/2001
  
$4.00000
  
1.3863
  
0.0000
  
0.0000
  
12/18/2001
  
$4.00000
  
1.3863
  
0.0126
  
0.0002
  
12/17/2001
  
$3.95000
  
1.3737
  
-0.0250
  
0.0006
  
12/14/2001
  
$4.05000
  
1.3987
  
0.0000
  
0.0000
  
12/13/2001
  
$4.05000
  
1.3987
  
0.0000
  
0.0000
  
12/12/2001
  
$4.05000
  
1.3987
  
-0.0123
  
0.0002
  
12/11/2001
  
$4.10000
  
1.4110
  
0.0603
  
0.0036
  
12/10/2001
  
$3.86000
  
1.3507
  
0.0423
  
0.0018
  
12/7/2001
  
$3.70000
  
1.3083
  
0.0027
  
0.0000
  
12/6/2001
  
$3.69000
  
1.3056
  
-0.0027
  
0.0000
  
12/5/2001
  
$3.70000
  
1.3083
  
0.0136
  
0.0002
  
12/4/2001
  
$3.65000
  
1.2947
  
-0.0270
  
0.0007
  
12/3/2001
  
$3.75000
  
1.3218
  
0.0000
  
0.0000
  
11/30/2001
  
$3.75000
  
1.3218
  
0.0000
  
0.0000
  
11/29/2001
  
$3.75000
  
1.3218
  
0.0270
  
0.0007
  
11/28/2001
  
$3.65000
  
1.2947
  
0.0138
  
0.0002
  
11/27/2001
  
$3.60000
  
1.2809
  
-0.0220
  
0.0005
  
11/26/2001
  
$3.68000
  
1.3029
  
-0.0581
  
0.0034
  
11/23/2001
  
$3.90000
  
1.3610
  
-0.0278
  
0.0008
  
11/22/2001
  
$4.01000
  
1.3888
  
0.0000
  
0.0000
  
11/21/2001
  
$4.01000
  
1.3888
  
0.1504
  
0.0226
  
11/20/2001
  
$3.45000
  
1.2384
  
0.2451
  
0.0601
  
11/19/2001
  
$2.70000
  
0.9933
  
0.0770
  
0.0059
  
11/16/2001
  
$2.50000
  
0.9163
  
-0.0198
  
0.0004
  
11/15/2001
  
$2.55000
  
0.9361
  
0.0000
  
0.0000
  
11/14/2001
  
$2.55000
  
0.9361
  
0.0817
  
0.0067
  
11/13/2001
  
$2.35000
  
0.8544
  
0.1030
  
0.0106
  
11/12/2001
  
$2.12000
  
0.7514
  
-0.0551
  
0.0030
  
11/9/2001
  
$2.24000
  
0.8065
  
-0.0045
  
0.0000
  
11/8/2001
  
$2.25000
  
0.8109
  
-0.0220
  
0.0005
  
11/7/2001
  
$2.30000
  
0.8329
  
0.0044
  
0.0000
  
11/6/2001
  
$2.29000
  
0.8286
  
-0.0216
  
0.0005
  
11/5/2001
  
$2.34000
  
0.8502
  
-0.0169
  
0.0003
  
11/2/2001
  
$2.38000
  
0.8671
  
-0.0452
  
0.0020
  
11/1/2001
  
$2.49000
  
0.9123
  
0.0040
  
0.0000
  
10/31/2001
  
$2.48000
  
0.9083
  
0.0122
  
0.0001
  
10/30/2001
  
$2.45000
  
0.8961
  
0.0000
  
0.0000
  
10/29/2001
  
$2.45000
  
0.8961
  
-0.0594
  
0.0035
  
10/26/2001
  
$2.60000
  
0.9555
  
0.0594
  
0.0035
  
10/25/2001
  
$2.45000
  
0.8961
  
-0.0202
  
0.0004
  
10/24/2001
  
$2.50000
  
0.9163
  
-0.0392
  
0.0015
  
10/23/2001
  
$2.60000
  
0.9555
  
0.0194
  
0.0004
  
10/22/2001
  
$2.55000
  
0.9361
  
-0.0156
  
0.0002
  
10/19/2001
  
$2.59000
  
0.9517
  
0.0394
  
0.0016
  
10/18/2001
  
$2.49000
  
0.9123
  
-0.0810
  
0.0066
  
10/17/2001
  
$2.70000
  
0.9933
  
0.0000
  
0.0000
  
10/16/2001
  
$2.70000
  
0.9933
  
0.0770
  
0.0059
  
10/15/2001
  
$2.50000
  
0.9163
  
-0.0392
  
0.0015
  
10/12/2001
  
$2.60000
  
0.9555
  
0.0194
  
0.0004
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page: 23
 
FROM 6/25/1999 TO 6/25/2007
File: Vltility
    Date: 6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
10/11/2001
  
$2.55000
  
0.9361
  
-0.1112
  
0.0124
  
10/10/2001
  
$2.85000
  
1.0473
  
0.0357
  
0.0013
  
10/9/2001
  
$2.75000
  
1.0116
  
-0.0072
  
0.0001
  
10/8/2001
  
$2.77000
  
1.0188
  
-0.0459
  
0.0021
  
10/5/2001
  
$2.90000
  
1.0647
  
0.0000
  
0.0000
  
10/4/2001
  
$2.90000
  
1.0647
  
0.0351
  
0.0012
  
10/3/2001
  
$2.80000
  
1.0296
  
-0.0690
  
0.0048
  
10/2/2001
  
$3.00000
  
1.0986
  
-0.0165
  
0.0003
  
10/1/2001
  
$3.05000
  
1.1151
  
-0.0323
  
0.0010
  
9/28/2001
  
$3.15000
  
1.1474
  
0.0488
  
0.0024
  
9/27/2001
  
$3.00000
  
1.0986
  
0.0000
  
0.0000
  
9/26/2001
  
$3.00000
  
1.0986
  
-0.0488
  
0.0024
  
9/25/2001
  
$3.15000
  
1.1474
  
0.1766
  
0.0312
  
9/24/2001
  
$2.64000
  
0.9708
  
0.0953
  
0.0091
  
9/21/2001
  
$2.40000
  
0.8755
  
-0.0124
  
0.0002
  
9/20/2001
  
$2.43000
  
0.8879
  
-0.1054
  
0.0111
  
9/19/2001
  
$2.70000
  
0.9933
  
-0.1854
  
0.0344
  
9/18/2001
  
$3.25000
  
1.1787
  
-0.1161
  
0.0135
  
9/17/2001
  
$3.65000
  
1.2947
  
-0.0533
  
0.0028
  
9/14/2001
  
$3.85000
  
1.3481
  
0.0000
  
0.0000
  
9/13/2001
  
$3.85000
  
1.3481
  
0.0000
  
0.0000
  
9/12/2001
  
$3.85000
  
1.3481
  
0.0000
  
0.0000
  
9/11/2001
  
$3.85000
  
1.3481
  
0.0000
  
0.0000
  
9/10/2001
  
$3.85000
  
1.3481
  
-0.0129
  
0.0002
  
9/7/2001
  
$3.90000
  
1.3610
  
0.0000
  
0.0000
  
9/6/2001
  
$3.90000
  
1.3610
  
0.0260
  
0.0007
  
9/5/2001
  
$3.80000
  
1.3350
  
-0.0387
  
0.0015
  
9/4/2001
  
$3.95000
  
1.3737
  
-0.0126
  
0.0002
  
9/3/2001
  
$4.00000
  
1.3863
  
0.0000
  
0.0000
  
8/31/2001
  
$4.00000
  
1.3863
  
0.0000
  
0.0000
  
8/30/2001
  
$4.00000
  
1.3863
  
-0.0247
  
0.0006
  
8/29/2001
  
$4.10000
  
1.4110
  
-0.0049
  
0.0000
  
8/28/2001
  
$4.12000
  
1.4159
  
0.0049
  
0.0000
  
8/27/2001
  
$4.10000
  
1.4110
  
0.0123
  
0.0002
  
8/24/2001
  
$4.05000
  
1.3987
  
-0.0123
  
0.0002
  
8/23/2001
  
$4.10000
  
1.4110
  
0.0123
  
0.0002
  
8/22/2001
  
$4.05000
  
1.3987
  
0.0000
  
0.0000
  
8/21/2001
  
$4.05000
  
1.3987
  
0.0074
  
0.0001
  
8/20/2001
  
$4.02000
  
1.3913
  
-0.0074
  
0.0001
  
8/17/2001
  
$4.05000
  
1.3987
  
0.0000
  
0.0000
  
8/16/2001
  
$4.05000
  
1.3987
  
0.0025
  
0.0000
  
8/15/2001
  
$4.04000
  
1.3962
  
-0.0025
  
0.0000
  
8/14/2001
  
$4.05000
  
1.3987
  
0.0250
  
0.0006
  
8/13/2001
  
$3.95000
  
1.3737
  
-0.0126
  
0.0002
  
8/10/2001
  
$4.00000
  
1.3863
  
0.0101
  
0.0001
  
8/9/2001
  
$3.96000
  
1.3762
  
0.0000
  
0.0000
  
8/8/2001
  
$3.96000
  
1.3762
  
-0.0225
  
0.0005
  
8/7/2001
  
$4.05000
  
1.3987
  
0.0124
  
0.0002
  
8/6/2001
  
$4.00000
  
1.3863
  
-0.0100
  
0.0001
  
8/3/2001
  
$4.04000
  
1.3962
  
-0.0147
  
0.0002
  
8/2/2001
  
$4.10000
  
1.4110
  
0.0123
  
0.0002
  
8/1/2001
  
$4.05000
  
1.3987
  
0.0025
  
0.0000
  
7/31/2001
  
$4.04000
  
1.3962
  
0.0353
  
0.0012
  
7/30/2001
  
$3.90000
  
1.3610
  
-0.0127
  
0.0002
  
7/27/2001
  
$3.95000
  
1.3737
  
-0.0101
  
0.0001
  
7/26/2001
  
$3.99000
  
1.3838
  
-0.0248
  
0.0006
  
7/25/2001
  
$4.09000
  
1.4085
  
0.0098
  
0.0001
  
7/24/2001
  
$4.05000
  
1.3987
  
0.0455
  
0.0021
  
7/23/2001
  
$3.87000
  
1.3533
  
0.0000
  
0.0000
  
7/20/2001
  
$3.87000
  
1.3533
  
-0.0077
  
0.0001
  
7/19/2001
  
$3.90000
  
1.3610
  
-0.0377
  
0.0014
  
7/18/2001
  
$4.05000
  
1.3987
  
0.0000
  
0.0000
  
7/17/2001
  
$4.05000
  
1.3987
  
0.0124
  
0.0002
  
7/16/2001
  
$4.00000
  
1.3863
  
-0.0677
  
0.0046
  
7/13/2001
  
$4.28000
  
1.4540
  
-0.0344
  
0.0012
  
7/12/2001
  
$4.43000
  
1.4884
  
-0.0223
  
0.0005
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page: 24
 
FROM 6/25/1999 TO 6/25/2007
File: Vltility
    Date: 6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
7/11/2001
  
$4.53000
  
1.5107
  
0.0223
  
0.0005
  
7/10/2001
  
$4.43000
  
1.4884
  
0.0068
  
0.0000
  
7/9/2001
  
$4.40000
  
1.4816
  
-0.0445
  
0.0020
  
7/6/2001
  
$4.60000
  
1.5261
  
-0.0215
  
0.0005
  
7/5/2001
  
$4.70000
  
1.5476
  
0.0107
  
0.0001
  
7/3/2001
  
$4.65000
  
1.5369
  
-0.0149
  
0.0002
  
7/2/2001
  
$4.72000
  
1.5518
  
0.0477
  
0.0023
  
6/29/2001
  
$4.50000
  
1.5041
  
0.0455
  
0.0021
  
6/28/2001
  
$4.30000
  
1.4586
  
0.0355
  
0.0013
  
6/27/2001
  
$4.15000
  
1.4231
  
-0.0215
  
0.0005
  
6/26/2001
  
$4.24000
  
1.4446
  
-0.0141
  
0.0002
  
6/25/2001
  
$4.30000
  
1.4586
  
0.0235
  
0.0006
  
6/22/2001
  
$4.20000
  
1.4351
  
0.0870
  
0.0076
  
6/21/2001
  
$3.85000
  
1.3481
  
-0.0988
  
0.0098
  
6/20/2001
  
$4.25000
  
1.4469
  
-0.0210
  
0.0004
  
6/19/2001
  
$4.34000
  
1.4679
  
-0.0384
  
0.0015
  
6/18/2001
  
$4.51000
  
1.5063
  
0.0000
  
0.0000
  
6/15/2001
  
$4.51000
  
1.5063
  
0.0929
  
0.0086
  
6/14/2001
  
$4.11000
  
1.4134
  
0.0221
  
0.0005
  
6/13/2001
  
$4.02000
  
1.3913
  
-0.0197
  
0.0004
  
6/12/2001
  
$4.10000
  
1.4110
  
-0.0453
  
0.0021
  
6/11/2001
  
$4.29000
  
1.4563
  
-0.0023
  
0.0000
  
6/8/2001
  
$4.30000
  
1.4586
  
0.0476
  
0.0023
  
6/7/2001
  
$4.10000
  
1.4110
  
-0.0145
  
0.0002
  
6/6/2001
  
$4.16000
  
1.4255
  
0.2624
  
0.0688
  
6/5/2001
  
$3.20000
  
1.1632
  
-0.0752
  
0.0057
  
6/4/2001
  
$3.45000
  
1.2384
  
-0.0144
  
0.0002
  
6/1/2001
  
$3.50000
  
1.2528
  
0.0173
  
0.0003
  
5/31/2001
  
$3.44000
  
1.2355
  
0.0235
  
0.0006
  
5/30/2001
  
$3.36000
  
1.2119
  
-0.0550
  
0.0030
  
5/29/2001
  
$3.55000
  
1.2669
  
-0.0278
  
0.0008
  
5/28/2001
  
$3.65000
  
1.2947
  
0.0000
  
0.0000
  
5/25/2001
  
$3.65000
  
1.2947
  
0.0680
  
0.0046
  
5/24/2001
  
$3.41000
  
1.2267
  
-0.0088
  
0.0001
  
5/23/2001
  
$3.44000
  
1.2355
  
-0.0173
  
0.0003
  
5/22/2001
  
$3.50000
  
1.2528
  
-0.0420
  
0.0018
  
5/21/2001
  
$3.65000
  
1.2947
  
-0.0403
  
0.0016
  
5/18/2001
  
$3.80000
  
1.3350
  
-0.0513
  
0.0026
  
5/17/2001
  
$4.00000
  
1.3863
  
0.0916
  
0.0084
  
5/16/2001
  
$3.65000
  
1.2947
  
0.0278
  
0.0008
  
5/15/2001
  
$3.55000
  
1.2669
  
0.0700
  
0.0049
  
5/14/2001
  
$3.31000
  
1.1969
  
-0.0840
  
0.0071
  
5/11/2001
  
$3.60000
  
1.2809
  
-0.0138
  
0.0002
  
5/10/2001
  
$3.65000
  
1.2947
  
-0.0403
  
0.0016
  
5/9/2001
  
$3.80000
  
1.3350
  
0.0000
  
0.0000
  
5/8/2001
  
$3.80000
  
1.3350
  
-0.0513
  
0.0026
  
5/7/2001
  
$4.00000
  
1.3863
  
-0.0247
  
0.0006
  
5/4/2001
  
$4.10000
  
1.4110
  
0.0247
  
0.0006
  
5/3/2001
  
$4.00000
  
1.3863
  
-0.0488
  
0.0024
  
5/2/2001
  
$4.20000
  
1.4351
  
0.0000
  
0.0000
  
5/1/2001
  
$4.20000
  
1.4351
  
-0.1231
  
0.0151
  
4/30/2001
  
$4.75000
  
1.5581
  
-0.0412
  
0.0017
  
4/27/2001
  
$4.95000
  
1.5994
  
-0.0493
  
0.0024
  
4/26/2001
  
$5.20000
  
1.6487
  
0.1226
  
0.0150
  
4/25/2001
  
$4.60000
  
1.5261
  
0.1523
  
0.0232
  
4/24/2001
  
$3.95000
  
1.3737
  
0.0790
  
0.0062
  
4/23/2001
  
$3.65000
  
1.2947
  
-0.0270
  
0.0007
  
4/20/2001
  
$3.75000
  
1.3218
  
0.0134
  
0.0002
  
4/19/2001
  
$3.70000
  
1.3083
  
0.0414
  
0.0017
  
4/18/2001
  
$3.55000
  
1.2669
  
0.0730
  
0.0053
  
4/17/2001
  
$3.30000
  
1.1939
  
0.0000
  
0.0000
  
4/16/2001
  
$3.30000
  
1.1939
  
0.0153
  
0.0002
  
4/13/2001
  
$3.25000
  
1.1787
  
0.0000
  
0.0000
  
4/12/2001
  
$3.25000
  
1.1787
  
0.0635
  
0.0040
  
4/11/2001
  
$3.05000
  
1.1151
  
-0.0163
  
0.0003
  
4/10/2001
  
$3.10000
  
1.1314
  
0.0328
  
0.0011
  
 
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page: 25
 
FROM 6/25/1999 TO 6/25/2007
File: Vltility
    Date: 6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
4/9/2001
  
$3.00000
  
1.0986
  
-0.0165
  
0.0003
  
4/6/2001
  
$3.05000
  
1.1151
  
0.0165
  
0.0003
  
4/5/2001
  
$3.00000
  
1.0986
  
0.0000
  
0.0000
  
4/4/2001
  
$3.00000
  
1.0986
  
0.0000
  
0.0000
  
4/3/2001
  
$3.00000
  
1.0986
  
-0.0165
  
0.0003
  
4/2/2001
  
$3.05000
  
1.1151
  
0.0000
  
0.0000
  
3/30/2001
  
$3.05000
  
1.1151
  
0.0066
  
0.0000
  
3/29/2001
  
$3.03000
  
1.1086
  
0.0000
  
0.0000
  
3/28/2001
  
$3.03000
  
1.1086
  
0.0000
  
0.0000
  
3/27/2001
  
$3.03000
  
1.1086
  
0.0100
  
0.0001
  
3/26/2001
  
$3.00000
  
1.0986
  
0.0339
  
0.0012
  
3/23/2001
  
$2.90000
  
1.0647
  
-0.0171
  
0.0003
  
3/22/2001
  
$2.95000
  
1.0818
  
0.0171
  
0.0003
  
3/21/2001
  
$2.90000
  
1.0647
  
0.0459
  
0.0021
  
3/20/2001
  
$2.77000
  
1.0188
  
0.1026
  
0.0105
  
3/19/2001
  
$2.50000
  
0.9163
  
-0.0770
  
0.0059
  
3/16/2001
  
$2.70000
  
0.9933
  
-0.0183
  
0.0003
  
3/15/2001
  
$2.75000
  
1.0116
  
-0.0180
  
0.0003
  
3/14/2001
  
$2.80000
  
1.0296
  
-0.0522
  
0.0027
  
3/13/2001
  
$2.95000
  
1.0818
  
-0.0268
  
0.0007
  
3/12/2001
  
$3.03000
  
1.1086
  
0.0268
  
0.0007
  
3/9/2001
  
$2.95000
  
1.0818
  
0.0000
  
0.0000
  
3/8/2001
  
$2.95000
  
1.0818
  
0.0000
  
0.0000
  
3/7/2001
  
$2.95000
  
1.0818
  
0.0000
  
0.0000
  
3/6/2001
  
$2.95000
  
1.0818
  
0.0000
  
0.0000
  
3/5/2001
  
$2.95000
  
1.0818
  
0.0171
  
0.0003
  
3/2/2001
  
$2.90000
  
1.0647
  
-0.0339
  
0.0011
  
3/1/2001
  
$3.00000
  
1.0986
  
0.0000
  
0.0000
  
2/28/2001
  
$3.00000
  
1.0986
  
-0.0100
  
0.0001
  
2/27/2001
  
$3.03000
  
1.1086
  
-0.0066
  
0.0000
  
2/26/2001
  
$3.05000
  
1.1151
  
-0.0163
  
0.0003
  
2/23/2001
  
$3.10000
  
1.1314
  
0.0000
  
0.0000
  
2/22/2001
  
$3.10000
  
1.1314
  
-0.0064
  
0.0000
  
2/21/2001
  
$3.12000
  
1.1378
  
-0.0253
  
0.0006
  
2/20/2001
  
$3.20000
  
1.1632
  
0.0645
  
0.0042
  
2/19/2001
  
$3.00000
  
1.0986
  
0.0000
  
0.0000
  
2/16/2001
  
$3.00000
  
1.0986
  
-0.0645
  
0.0042
  
2/15/2001
  
$3.20000
  
1.1632
  
-0.0277
  
0.0008
  
2/14/2001
  
$3.29000
  
1.1909
  
-0.0475
  
0.0023
  
2/13/2001
  
$3.45000
  
1.2384
  
-0.0144
  
0.0002
  
2/12/2001
  
$3.50000
  
1.2528
  
0.0588
  
0.0035
  
2/9/2001
  
$3.30000
  
1.1939
  
-0.0299
  
0.0009
  
2/8/2001
  
$3.40000
  
1.2238
  
0.0000
  
0.0000
  
2/7/2001
  
$3.40000
  
1.2238
  
-0.0318
  
0.0010
  
2/6/2001
  
$3.51000
  
1.2556
  
0.0467
  
0.0022
  
2/5/2001
  
$3.35000
  
1.2090
  
-0.0148
  
0.0002
  
2/2/2001
  
$3.40000
  
1.2238
  
0.0148
  
0.0002
  
2/1/2001
  
$3.35000
  
1.2090
  
0.0303
  
0.0009
  
1/31/2001
  
$3.25000
  
1.1787
  
-0.0392
  
0.0015
  
1/30/2001
  
$3.38000
  
1.2179
  
-0.0700
  
0.0049
  
1/29/2001
  
$3.62500
  
1.2879
  
0.0000
  
0.0000
  
1/26/2001
  
$3.62500
  
1.2879
  
-0.0339
  
0.0011
  
1/25/2001
  
$3.75000
  
1.3218
  
-0.0328
  
0.0011
  
1/24/2001
  
$3.87500
  
1.3545
  
-0.0160
  
0.0003
  
1/23/2001
  
$3.93750
  
1.3705
  
-0.0157
  
0.0002
  
1/22/2001
  
$4.00000
  
1.3863
  
-0.0308
  
0.0009
  
1/19/2001
  
$4.12500
  
1.4171
  
0.0953
  
0.0091
  
1/18/2001
  
$3.75000
  
1.3218
  
0.0513
  
0.0026
  
1/17/2001
  
$3.56250
  
1.2705
  
0.1929
  
0.0372
  
1/16/2001
  
$2.93750
  
1.0776
  
0.0435
  
0.0019
  
1/15/2001
  
$2.81250
  
1.0341
  
0.0000
  
0.0000
  
1/12/2001
  
$2.81250
  
1.0341
  
0.0225
  
0.0005
  
1/11/2001
  
$2.75000
  
1.0116
  
0.0706
  
0.0050
  
1/10/2001
  
$2.56250
  
0.9410
  
0.0247
  
0.0006
  
1/9/2001
  
$2.50000
  
0.9163
  
0.0513
  
0.0026
  
1/8/2001
  
$2.37500
  
0.8650
  
-0.0760
  
0.0058
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page: 26
 
FROM 6/25/1999 TO 6/25/2007
File: Vltility
    Date: 6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
1/5/2001
  
$2.56250
  
0.9410
  
0.0760
  
0.0058
  
1/4/2001
  
$2.37500
  
0.8650
  
0.0541
  
0.0029
  
1/3/2001
  
$2.25000
  
0.8109
  
0.0870
  
0.0076
  
1/2/2001
  
$2.06250
  
0.7239
  
0.0308
  
0.0009
  
1/1/2001
  
$2.00000
  
0.6931
  
0.0000
  
0.0000
  
12/29/2000
  
$2.00000
  
0.6931
  
-0.1178
  
0.0139
  
12/28/2000
  
$2.25000
  
0.8109
  
0.0870
  
0.0076
  
12/27/2000
  
$2.06250
  
0.7239
  
-0.0588
  
0.0035
  
12/26/2000
  
$2.18750
  
0.7828
  
0.0896
  
0.0080
  
12/25/2000
  
$2.00000
  
0.6931
  
0.0000
  
0.0000
  
12/22/2000
  
$2.00000
  
0.6931
  
0.0317
  
0.0010
  
12/21/2000
  
$1.93750
  
0.6614
  
-0.0317
  
0.0010
  
12/20/2000
  
$2.00000
  
0.6931
  
0.0317
  
0.0010
  
12/19/2000
  
$1.93750
  
0.6614
  
-0.1769
  
0.0313
  
12/18/2000
  
$2.31250
  
0.8383
  
-0.0526
  
0.0028
  
12/15/2000
  
$2.43750
  
0.8910
  
-0.0500
  
0.0025
  
12/14/2000
  
$2.56250
  
0.9410
  
-0.0476
  
0.0023
  
12/13/2000
  
$2.68750
  
0.9886
  
0.0235
  
0.0006
  
12/12/2000
  
$2.62500
  
0.9651
  
0.0000
  
0.0000
  
12/11/2000
  
$2.62500
  
0.9651
  
0.0000
  
0.0000
  
12/8/2000
  
$2.62500
  
0.9651
  
-0.0235
  
0.0006
  
12/7/2000
  
$2.68750
  
0.9886
  
0.0000
  
0.0000
  
12/6/2000
  
$2.68750
  
0.9886
  
0.0000
  
0.0000
  
12/5/2000
  
$2.68750
  
0.9886
  
0.0235
  
0.0006
  
12/4/2000
  
$2.62500
  
0.9651
  
-0.0235
  
0.0006
  
12/1/2000
  
$2.68750
  
0.9886
  
0.0000
  
0.0000
  
11/30/2000
  
$2.68750
  
0.9886
  
-0.0230
  
0.0005
  
11/29/2000
  
$2.75000
  
1.0116
  
-0.0445
  
0.0020
  
11/28/2000
  
$2.87500
  
1.0561
  
0.0000
  
0.0000
  
11/27/2000
  
$2.87500
  
1.0561
  
0.1398
  
0.0195
  
11/24/2000
  
$2.50000
  
0.9163
  
0.0000
  
0.0000
  
11/23/2000
  
$2.50000
  
0.9163
  
-0.2231
  
0.0498
  
11/22/2000
  
$3.12500
  
1.1394
  
-0.0198
  
0.0004
  
11/21/2000
  
$3.18750
  
1.1592
  
-0.0194
  
0.0004
  
11/20/2000
  
$3.25000
  
1.1787
  
-0.0377
  
0.0014
  
11/17/2000
  
$3.37500
  
1.2164
  
-0.0886
  
0.0078
  
11/16/2000
  
$3.68750
  
1.3049
  
0.0171
  
0.0003
  
11/15/2000
  
$3.62500
  
1.2879
  
-0.0504
  
0.0025
  
11/14/2000
  
$3.81250
  
1.3383
  
0.0333
  
0.0011
  
11/13/2000
  
$3.68750
  
1.3049
  
0.0000
  
0.0000
  
11/10/2000
  
$3.68750
  
1.3049
  
0.0171
  
0.0003
  
11/9/2000
  
$3.62500
  
1.2879
  
-0.0171
  
0.0003
  
11/8/2000
  
$3.68750
  
1.3049
  
-0.0496
  
0.0025
  
11/7/2000
  
$3.87500
  
1.3545
  
0.0163
  
0.0003
  
11/6/2000
  
$3.81250
  
1.3383
  
0.0678
  
0.0046
  
11/3/2000
  
$3.56250
  
1.2705
  
-0.0678
  
0.0046
  
11/2/2000
  
$3.81250
  
1.3383
  
0.0165
  
0.0003
  
11/1/2000
  
$3.75000
  
1.3218
  
-0.0488
  
0.0024
  
10/31/2000
  
$3.93750
  
1.3705
  
0.0000
  
0.0000
  
10/30/2000
  
$3.93750
  
1.3705
  
0.0160
  
0.0003
  
10/27/2000
  
$3.87500
  
1.3545
  
-0.0473
  
0.0022
  
10/26/2000
  
$4.06250
  
1.4018
  
0.0313
  
0.0010
  
10/25/2000
  
$3.93750
  
1.3705
  
0.0323
  
0.0010
  
10/24/2000
  
$3.81250
  
1.3383
  
-0.0480
  
0.0023
  
10/23/2000
  
$4.00000
  
1.3863
  
0.0157
  
0.0002
  
10/20/2000
  
$3.93750
  
1.3705
  
0.0488
  
0.0024
  
10/19/2000
  
$3.75000
  
1.3218
  
0.0000
  
0.0000
  
10/18/2000
  
$3.75000
  
1.3218
  
-0.0645
  
0.0042
  
10/17/2000
  
$4.00000
  
1.3863
  
0.0000
  
0.0000
  
10/16/2000
  
$4.00000
  
1.3863
  
0.0000
  
0.0000
  
10/13/2000
  
$4.00000
  
1.3863
  
0.0480
  
0.0023
  
10/12/2000
  
$3.81250
  
1.3383
  
-0.0635
  
0.0040
  
10/11/2000
  
$4.06250
  
1.4018
  
-0.0303
  
0.0009
  
10/10/2000
  
$4.18750
  
1.4321
  
0.0000
  
0.0000
  
10/9/2000
  
$4.18750
  
1.4321
  
0.0000
  
0.0000
  
10/6/2000
  
$4.18750
  
1.4321
  
0.0000
  
0.0000
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page: 27
 
FROM 6/25/1999 TO 6/25/2007
File: Vltility
    Date: 6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
10/5/2000
  
$4.18750
  
1.4321
  
0.1103
  
0.0122
  
10/4/2000
  
$3.75000
  
1.3218
  
0.0000
  
0.0000
  
10/3/2000
  
$3.75000
  
1.3218
  
0.0000
  
0.0000
  
10/2/2000
  
$3.75000
  
1.3218
  
-0.0645
  
0.0042
  
9/29/2000
  
$4.00000
  
1.3863
  
0.0645
  
0.0042
  
9/28/2000
  
$3.75000
  
1.3218
  
-0.0328
  
0.0011
  
9/27/2000
  
$3.87500
  
1.3545
  
0.01 63
  
0.0003
  
9/26/2000
  
$3.81250
  
1.3383
  
-0.0480
  
0.0023
  
9/25/2000
  
$4.00000
  
1.3863
  
0.0157
  
0.0002
  
9/22/2000
  
$3.93750
  
1.3705
  
-0.0616
  
0.0038
  
9/21/2000
  
$4.18750
  
1.4321
  
0.0303
  
0.0009
  
9/20/2000
  
$4.06250
  
1.4018
  
0.0000
  
0.0000
  
9/19/2000
  
$4.06250
  
1.4018
  
-0.0153
  
0.0002
  
9/18/2000
  
$4.12500
  
1.4171
  
-0.0150
  
0.0002
  
9/15/2000
  
$4.18750
  
1.4321
  
0.0000
  
0.0000
  
9/14/2000
  
$4.18750
  
1.4321
  
-0.0148
  
0.0002
  
9/13/2000
  
$4.25000
  
1.4469
  
-0.0146
  
0.0002
  
9/12/2000
  
$4.31250
  
1.4615
  
0.0000
  
0.0000
  
9/11/2000
  
$4.31250
  
1.4615
  
0.0294
  
0.0009
  
9/8/2000
  
$4.18750
  
1.4321
  
0.0000
  
0.0000
  
9/7/2000
  
$4.18750
  
1.4321
  
-0.0148
  
0.0002
  
9/6/2000
  
$4.25000
  
1.4469
  
0.0148
  
0.0002
  
9/5/2000
  
$4.18750
  
1.4321
  
0.0150
  
0.0002
  
9/4/2000
  
$4.12500
  
1.4171
  
0.0000
  
0.0000
  
9/1/2000
  
$4.12500
  
1.4171
  
-0.0299
  
0.0009
  
8/31/2000
  
$4.25000
  
1.4469
  
0.0148
  
0.0002
  
8/30/2000
  
$4.18750
  
1.4321
  
-0.0294
  
0.0009
  
8/29/2000
  
$4.31250
  
1.4615
  
-0.0426
  
0.0018
  
8/28/2000
  
$4.50000
  
1.5041
  
-0.0138
  
0.0002
  
8/25/2000
  
$4.56250
  
1.5179
  
-0.0136
  
0.0002
  
8/24/2000
  
$4.62500
  
1.5315
  
-0.0780
  
0.0061
  
8/23/2000
  
$5.00000
  
1.6094
  
-0.0839
  
0.0070
  
8/22/2000
  
$5.43750
  
1.6933
  
-0.0114
  
0.0001
  
8/21/2000
  
$5.50000
  
1.7047
  
-0.0335
  
0.0011
  
8/18/2000
  
$5.68750
  
1.7383
  
0.0450
  
0.0020
  
8/17/2000
  
$5.43750
  
1.6933
  
-0.0339
  
0.0011
  
8/16/2000
  
$5.62500
  
1.7272
  
0.0000
  
0.0000
  
8/15/2000
  
$5.62500
  
1.7272
  
0.0225
  
0.0005
  
8/14/2000
  
$5.50000
  
1.7047
  
0.0000
  
0.0000
  
8/11/2000
  
$5.50000
  
1.7047
  
0.0000
  
0.0000
  
8/10/2000
  
$5.50000
  
1.7047
  
-0.0113
  
0.0001
  
8/9/2000
  
$5.56250
  
1.7160
  
0.0227
  
0.0005
  
8/8/2000
  
$5.43750
  
1.6933
  
-0.0114
  
0.0001
  
8/7/2000
  
$5.50000
  
1.7047
  
0.0000
  
0.0000
  
8/4/2000
  
$5.50000
  
1.7047
  
-0.0225
  
0.0005
  
8/3/2000
  
$5.62500
  
1.7272
  
0.0000
  
0.0000
  
8/2/2000
  
$5.62500
  
1.7272
  
-0.0110
  
0.0001
  
8/1/2000
  
$5.68750
  
1.7383
  
0.0000
  
0.0000
  
7/31/2000
  
$5.68750
  
1.7383
  
-0.0217
  
0.0005
  
7/28/2000
  
$5.81250
  
1.7600
  
0.0108
  
0.0001
  
7/27/2000
  
$5.75000
  
1.7492
  
0.0445
  
0.0020
  
7/26/2000
  
$5.50000
  
1.7047
  
0.0000
  
0.0000
  
7/25/2000
  
$5.50000
  
1.7047
  
-0.0113
  
0.0001
  
7/24/2000
  
$5.56250
  
1.7160
  
-0.0112
  
0.0001
  
7/21/2000
  
$5.62500
  
1.7272
  
-0.0645
  
0.0042
  
7/20/2000
  
$6.00000
  
1.7918
  
0.0000
  
0.0000
  
7/19/2000
  
$6.00000
  
1.7918
  
0.0105
  
0.0001
  
7/18/2000
  
$5.93750
  
1.7813
  
0.0541
  
0.0029
  
7/17/2000
  
$5.62500
  
1.7272
  
0.0225
  
0.0005
  
7/14/2000
  
$5.50000
  
1.7047
  
0.0114
  
0.0001
  
7/13/2000
  
$5.43750
  
1.6933
  
0.0351
  
0.0012
  
7/12/2000
  
$5.25000
  
1.6582
  
0.0000
  
0.0000
  
7/11/2000
  
$5.25000
  
1.6582
  
0.0000
  
0.0000
  
7/10/2000
  
$5.25000
  
1.6582
  
0.0000
  
0.0000
  
7/7/2000
  
$5.25000
  
1.6582
  
0.0000
  
0.0000
  
7/6/2000
  
$5.25000
  
1.6582
  
0.0241
  
0.0006
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page: 28
 
FROM 6/25/1999 TO 6/25/2007
File: Vltility
    Date: 6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
7/5/2000
  
$5.12500
  
1.6341
  
0.0373
  
0.0014
  
7/4/2000
  
$4.93750
  
1.5969
  
0.0000
  
0.0000
  
7/3/2000
  
$4.93750
  
1.5969
  
-0.0373
  
0.0014
  
6/30/2000
  
$5.12500
  
1.6341
  
0.0000
  
0.0000
  
6/29/2000
  
$5.12500
  
1.6341
  
-0.0121
  
0.0001
  
6/28/2000
  
$5.18750
  
1.6463
  
-0.0585
  
0.0034
  
6/27/2000
  
$5.50000
  
1.7047
  
-0.0335
  
0.0011
  
6/26/2000
  
$5.68750
  
1.7383
  
-0.0324
  
0.0011
  
6/23/2000
  
$5.87500
  
1.7707
  
-0.0518
  
0.0027
  
6/22/2000
  
$6.18750
  
1.8225
  
0.0102
  
0.0001
  
6/21/2000
  
$6.12500
  
1.8124
  
-0.0202
  
0.0004
  
6/20/2000
  
$6.25000
  
1.8326
  
-0.0392
  
0.0015
  
6/19/2000
  
$6.50000
  
1.8718
  
0.0000
  
0.0000
  
6/16/2000
  
$6.50000
  
1.8718
  
-0.0190
  
0.0004
  
6/15/2000
  
$6.62500
  
1.8909
  
-0.0187
  
0.0003
  
6/14/2000
  
$6.75000
  
1.9095
  
-0.0274
  
0.0007
  
6/13/2000
  
$6.93750
  
1.9369
  
0.0000
  
0.0000
  
6/12/2000
  
$6.93750
  
1.9369
  
0.0000
  
0.0000
  
6/9/2000
  
$6.93750
  
1.9369
  
-0.0354
  
0.0013
  
6/8/2000
  
$7.18750
  
1.9723
  
0.0087
  
0.0001
  
6/7/2000
  
$7.12500
  
1.9636
  
0.0000
  
0.0000
  
6/6/2000
  
$7.12500
  
1.9636
  
-0.0174
  
0.0003
  
6/5/2000
  
$7.25000
  
1.9810
  
0.0262
  
0.0007
  
6/2/2000
  
$7.06250
  
1.9548
  
-0.0175
  
0.0003
  
6/1/2000
  
$7.18750
  
1.9723
  
0.1398
  
0.0195
  
5/31/2000
  
$6.25000
  
1.8326
  
0.0000
  
0.0000
  
5/30/2000
  
$6.25000
  
1.8326
  
-0.0198
  
0.0004
  
5/29/2000
  
$6.37500
  
1.8524
  
0.0000
  
0.0000
  
5/26/2000
  
$6.37500
  
1.8524
  
0.0000
  
0.0000
  
5/25/2000
  
$6.37500
  
1.8524
  
0.0000
  
0.0000
  
5/24/2000
  
$6.37500
  
1.8524
  
0.0099
  
0.0001
  
5/23/2000
  
$6.31250
  
1.8425
  
-0.0388
  
0.0015
  
5/22/2000
  
$6.56250
  
1.8814
  
0.0000
  
0.0000
  
5/19/2000
  
$6.56250
  
1.8814
  
0.0096
  
0.0001
  
5/18/2000
  
$6.50000
  
1.8718
  
-0.0190
  
0.0004
  
5/17/2000
  
$6.62500
  
1.8909
  
-0.0094
  
0.0001
  
5/16/2000
  
$6.68750
  
1.9002
  
0.0577
  
0.0033
  
5/15/2000
  
$6.31250
  
1.8425
  
-0.0099
  
0.0001
  
5/12/2000
  
$6.37500
  
1.8524
  
0.0198
  
0.0004
  
5/11/2000
  
$6.25000
  
1.8326
  
0.0000
  
0.0000
  
5/10/2000
  
$6.25000
  
1.8326
  
-0.0198
  
0.0004
  
5/9/2000
  
$6.37500
  
1.8524
  
0.0000
  
0.0000
  
5/8/2000
  
$6.37500
  
1.8524
  
-0.0098
  
0.0001
  
5/5/2000
  
$6.43750
  
1.8621
  
0.0296
  
0.0009
  
5/4/2000
  
$6.25000
  
1.8326
  
0.0202
  
0.0004
  
5/3/2000
  
$6.12500
  
1.8124
  
0.0000
  
0.0000
  
5/2/2000
  
$6.12500
  
1.8124
  
0.0417
  
0.0017
  
5/1/2000
  
$5.87500
  
1.7707
  
0.0107
  
0.0001
  
4/28/2000
  
$5.81250
  
1.7600
  
0.0000
  
0.0000
  
4/27/2000
  
$5.81250
  
1.7600
  
0.0328
  
0.0011
  
4/26/2000
  
$5.62500
  
1.7272
  
-0.0220
  
0.0005
  
4/25/2000
  
$5.75000
  
1.7492
  
0.0445
  
0.0020
  
4/24/2000
  
$5.50000
  
1.7047
  
-0.0225
  
0.0005
  
4/21/2000
  
$5.62500
  
1.7272
  
0.0000
  
0.0000
  
4/20/2000
  
$5.62500
  
1.7272
  
0.0225
  
0.0005
  
4/19/2000
  
$5.50000
  
1.7047
  
0.0230
  
0.0005
  
4/18/2000
  
$5.37500
  
1.6818
  
-0.0230
  
0.0005
  
4/17/2000
  
$5.50000
  
1.7047
  
0.0465
  
0.0022
  
4/14/2000
  
$5.25000
  
1.6582
  
-0.0118
  
0.0001
  
4/13/2000
  
$5.31250
  
1.6701
  
-0.0572
  
0.0033
  
4/12/2000
  
$5.62500
  
1.7272
  
0.0339
  
0.0012
  
4/11/2000
  
$5.43750
  
1.6933
  
0.0000
  
0.0000
  
4/10/2000
  
$5.43750
  
1.6933
  
0.0000
  
0.0000
  
4/7/2000
  
$5.43750
  
1.6933
  
0.0233
  
0.0005
  
4/6/2000
  
$5.31250
  
1.6701
  
0.0118
  
0.0001
  
4/5/2000
  
$5.25000
  
1.6582
  
-0.0118
  
0.0001
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page: 29
 
FROM 6/25/1999 TO 6/25/2007
File: Vltility
    Date: 6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
4/4/2000
  
$5.31250
  
1.6701
  
-0.0117
  
0.0001
  
4/3/2000
  
$5.37500
  
1.6818
  
0.0000
  
0.0000
  
3/31/2000
  
$5.37500
  
1.6818
  
-0.0889
  
0.0079
  
3/30/2000
  
$5.87500
  
1.7707
  
-0.0211
  
0.0004
  
3/29/2000
  
$6.00000
  
1.7918
  
-0.0308
  
0.0009
  
3/28/2000
  
$6.18750
  
1.8225
  
-0.0101
  
0.0001
  
3/27/2000
  
$6.25000
  
1.8326
  
0.0101
  
0.0001
  
3/24/2000
  
$6.18750
  
1.8225
  
0.0102
  
0.0001
  
3/23/2000
  
$6.12500
  
1.8124
  
0.0206
  
0.0004
  
3/22/2000
  
$6.00000
  
1.7918
  
0.0426
  
0.0018
  
3/21/2000
  
$5.75000
  
1.7492
  
-0.0426
  
0.0018
  
3/20/2000
  
$6.00000
  
1.7918
  
0.0105
  
0.0001
  
3/17/2000
  
$5.93750
  
1.7813
  
-0.0311
  
0.0010
  
3/16/2000
  
$6.12500
  
1.8124
  
0.0417
  
0.0017
  
3/15/2000
  
$5.87500
  
1.7707
  
0.0000
  
0.0000
  
3/14/2000
  
$5.87500
  
1.7707
  
-0.0211
  
0.0004
  
3/13/2000
  
$6.00000
  
1.7918
  
0.0426
  
0.0018
  
3/10/2000
  
$5.75000
  
1.7492
  
-0.0632
  
0.0040
  
3/9/2000
  
$6.12500
  
1.8124
  
-0.0102
  
0.0001
  
3/8/2000
  
$6.18750
  
1.8225
  
0.0204
  
0.0004
  
3/7/2000
  
$6.06250
  
1.8021
  
0.0000
  
0.0000
  
3/6/2000
  
$6.06250
  
1.8021
  
0.0000
  
0.0000
  
3/3/2000
  
$6.06250
  
1.8021
  
0.0000
  
0.0000
  
3/2/2000
  
$6.06250
  
1.8021
  
0.0000
  
0.0000
  
3/1/2000
  
$6.06250
  
1.8021
  
-0.0404
  
0.0016
  
2/29/2000
  
$6.31250
  
1.8425
  
0.0000
  
0.0000
  
2/28/2000
  
$6.31250
  
1.8425
  
0.0000
  
0.0000
  
2/25/2000
  
$6.31250
  
1.8425
  
-0.0762
  
0.0058
  
2/24/2000
  
$6.81250
  
1.9188
  
-0.1127
  
0.0127
  
2/23/2000
  
$7.62500
  
2.0314
  
-0.0480
  
0.0023
  
2/22/2000
  
$8.00000
  
2.0794
  
-0.0308
  
0.0009
  
2/21/2000
  
$8.25000
  
2.1102
  
0.0000
  
0.0000
  
2/18/2000
  
$8.25000
  
2.1102
  
-0.0299
  
0.0009
  
2/17/2000
  
$8.50000
  
2.1401
  
0.0924
  
0.0085
  
2/16/2000
  
$7.75000
  
2.0477
  
-0.0395
  
0.0016
  
2/15/2000
  
$8.06250
  
2.0872
  
-0.0818
  
0.0067
  
2/14/2000
  
$8.75000
  
2.1691
  
0.3365
  
0.1132
  
2/11/2000
  
$6.25000
  
1.8326
  
-0.0296
  
0.0009
  
2/10/2000
  
$6.43750
  
1.8621
  
0.0396
  
0.0016
  
2/9/2000
  
$6.18750
  
1.8225
  
0.0000
  
0.0000
  
2/8/2000
  
$6.18750
  
1.8225
  
0.0102
  
0.0001
  
2/7/2000
  
$6.12500
  
1.8124
  
-0.0202
  
0.0004
  
2/4/2000
  
$6.25000
  
1.8326
  
-0.0100
  
0.0001
  
2/3/2000
  
$6.31250
  
1.8425
  
0.0100
  
0.0001
  
2/2/2000
  
$6.25000
  
1.8326
  
0.0202
  
0.0004
  
2/1/2000
  
$6.12500
  
1.8124
  
0.0000
  
0.0000
  
1/31/2000
  
$6.12500
  
1.8124
  
0.0206
  
0.0004
  
1/28/2000
  
$6.00000
  
1.7918
  
-0.0606
  
0.0037
  
1/27/2000
  
$6.37500
  
1.8524
  
0.0099
  
0.0001
  
1/26/2000
  
$6.31250
  
1.8425
  
0.0302
  
0.0009
  
1/25/2000
  
$6.12500
  
1.8124
  
0.0000
  
0.0000
  
1/24/2000
  
$6.12500
  
1.8124
  
-0.0102
  
0.0001
  
1/21/2000
  
$6.18750
  
1.8225
  
-0.0101
  
0.0001
  
1/20/2000
  
$6.25000
  
1.8326
  
0.0101
  
0.0001
  
1/19/2000
  
$6.18750
  
1.8225
  
-0.0101
  
0.0001
  
1/18/2000
  
$6.25000
  
1.8326
  
0.0101
  
0.0001
  
1/17/2000
  
$6.18750
  
1.8225
  
0.0000
  
0.0000
  
1/14/2000
  
$6.18750
  
1.8225
  
0.0102
  
0.0001
  
1/13/2000
  
$6.12500
  
1.8124
  
-0.0202
  
0.0004
  
1/12/2000
  
$6.25000
  
1.8326
  
0.0305
  
0.0009
  
1/11/2000
  
$6.06250
  
1.8021
  
0.0000
  
0.0000
  
1/10/2000
  
$6.06250
  
1.8021
  
0.0000
  
0.0000
  
1/7/2000
  
$6.06250
  
1.8021
  
0.0000
  
0.0000
  
1/6/2000
  
$6.06250
  
1.8021
  
-0.0204
  
0.0004
  
1/5/2000
  
$6.18750
  
1.8225
  
-0.0101
  
0.0001
  
1/4/2000
  
$6.25000
  
1.8326
  
-0.0583
  
0.0034
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page: 30
 
FROM 6/25/1999 TO 6/25/2007
File: Vltility
    Date: 6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
1/3/2000
  
$6.62500
  
1.8909
  
0.0483
  
0.0023
  
12/31/1999
  
$6.31250
  
1.8425
  
0.0200
  
0.0004
  
12/30/1999
  
$6.18750
  
1.8225
  
0.0412
  
0.0017
  
12/29/1999
  
$5.93750
  
1.7813
  
0.0000
  
0.0000
  
12/28/1999
  
$5.93750
  
1.7813
  
-0.0105
  
0.0001
  
12/27/1999
  
$6.00000
  
1.7918
  
-0.0206
  
0.0004
  
12/24/1999
  
$6.12500
  
1.8124
  
0.0000
  
0.0000
  
12/23/1999
  
$6.12500
  
1.8124
  
-0.0102
  
0.0001
  
12/22/1999
  
$6.18750
  
1.8225
  
0.0204
  
0.0004
  
12/21/1999
  
$6.06250
  
1.8021
  
0.0104
  
0.0001
  
12/20/1999
  
$6.00000
  
1.7918
  
-0.0206
  
0.0004
  
12/17/1999
  
$6.12500
  
1.8124
  
0.0000
  
0.0000
  
12/16/1999
  
$6.12500
  
1.8124
  
-0.0202
  
0.0004
  
12/15/1999
  
$6.25000
  
1.8326
  
-0.0392
  
0.0015
  
12/14/1999
  
$6.50000
  
1.8718
  
0.0000
  
0.0000
  
12/13/1999
  
$6.50000
  
1.8718
  
-0.0096
  
0.0001
  
12/10/1999
  
$6.56250
  
1.8814
  
0.0000
  
0.0000
  
12/9/1999
  
$6.56250
  
1.8814
  
0.0096
  
0.0001
  
12/8/1999
  
$6.50000
  
1.8718
  
-0.0190
  
0.0004
  
12/7/1999
  
$6.62500
  
1.8909
  
0.0190
  
0.0004
  
12/6/1999
  
$6.50000
  
1.8718
  
0.0097
  
0.0001
  
12/3/1999
  
$6.43750
  
1.8621
  
-0.0097
  
0.0001
  
12/2/1999
  
$6.50000
  
1.8718
  
0.0000
  
0.0000
  
12/1/1999
  
$6.50000
  
1.8718
  
0.0392
  
0.0015
  
11/30/1999
  
$6.25000
  
1.8326
  
-0.0953
  
0.0091
  
11/29/1999
  
$6.87500
  
1.9279
  
0.0091
  
0.0001
  
11/26/1999
  
$6.81250
  
1.9188
  
0.0279
  
0.0008
  
11/25/1999
  
$6.62500
  
1.8909
  
0.0000
  
0.0000
  
11/24/1999
  
$6.62500
  
1.8909
  
0.0583
  
0.0034
  
11/23/1999
  
$6.25000
  
1.8326
  
-0.0100
  
0.0001
  
11/22/1999
  
$6.31250
  
1.8425
  
-0.0293
  
0.0009
  
11/19/1999
  
$6.50000
  
1.8718
  
-0.0096
  
0.0001
  
11/18/1999
  
$6.56250
  
1.8814
  
-0.0095
  
0.0001
  
11/17/1999
  
$6.62500
  
1.8909
  
-0.0551
  
0.0030
  
11/16/1999
  
$7.00000
  
1.9459
  
0.0000
  
0.0000
  
11/15/1999
  
$7.00000
  
1.9459
  
0.0000
  
0.0000
  
11/12/1999
  
$7.00000
  
1.9459
  
0.0000
  
0.0000
  
11/11/1999
  
$7.00000
  
1.9459
  
-0.0264
  
0.0007
  
11/10/1999
  
$7.18750
  
1.9723
  
-0.0087
  
0.0001
  
11/9/1999
  
$7.25000
  
1.9810
  
0.0087
  
0.0001
  
11/8/1999
  
$7.18750
  
1.9723
  
-0.0172
  
0.0003
  
11/5/1999
  
$7.31250
  
1.9896
  
0.0086
  
0.0001
  
11/4/1999
  
$7.25000
  
1.9810
  
-0.0255
  
0.0007
  
11/3/1999
  
$7.43750
  
2.0065
  
0.0000
  
0.0000
  
11/2/1999
  
$7.43750
  
2.0065
  
0.0517
  
0.0027
  
11/1/1999
  
$7.06250
  
1.9548
  
0.0179
  
0.0003
  
10/29/1999
  
$6.93750
  
1.9369
  
0.0000
  
0.0000
  
10/28/1999
  
$6.93750
  
1.9369
  
0.0000
  
0.0000
  
10/27/1999
  
$6.93750
  
1.9369
  
-0.0179
  
0.0003
  
10/26/1999
  
$7.06250
  
1.9548
  
0.0089
  
0.0001
  
10/25/1999
  
$7.00000
  
1.9459
  
0.0000
  
0.0000
  
10/22/1999
  
$7.00000
  
1.9459
  
0.0090
  
0.0001
  
10/21/1999
  
$6.93750
  
1.9369
  
-0.0090
  
0.0001
  
10/20/1999
  
$7.00000
  
1.9459
  
0.0180
  
0.0003
  
10/19/1999
  
$6.87500
  
1.9279
  
-0.0180
  
0.0003
  
10/18/1999
  
$7.00000
  
1.9459
  
-0.0437
  
0.0019
  
10/15/1999
  
$7.31250
  
1.9896
  
0.0086
  
0.0001
  
10/14/1999
  
$7.25000
  
1.9810
  
-0.0171
  
0.0003
  
10/13/1999
  
$7.37500
  
1.9981
  
0.0522
  
0.0027
  
10/12/1999
  
$7.00000
  
1.9459
  
0.0000
  
0.0000
  
10/11/1999
  
$7.00000
  
1.9459
  
0.0000
  
0.0000
  
10/8/1999
  
$7.00000
  
1.9459
  
-0.0177
  
0.0003
  
10/7/1999
  
$7.12500
  
1.9636
  
-0.0087
  
0.0001
  
10/6/1999
  
$7.18750
  
1.9723
  
-0.0172
  
0.0003
  
10/5/1999
  
$7.31250
  
1.9896
  
-0.0169
  
0.0003
  
10/4/1999
  
$7.43750
  
2.0065
  
0.0000
  
0.0000
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page: 31
 
FROM 6/25/1999 TO 6/25/2007
File: Vltility
    Date: 6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
10/1/1999
  
$7.43750
  
2.0065
  
0.0255
  
0.0007
  
9/30/1999
  
$7.25000
  
1.9810
  
0.0000
  
0.0000
  
9/29/1999
  
$7.25000
  
1.9810
  
0.0000
  
0.0000
  
9/28/1999
  
$7.25000
  
1.9810
  
0.0262
  
0.0007
  
9/27/1999
  
$7.06250
  
1.9548
  
-0.0929
  
0.0086
  
9/24/1999
  
$7.75000
  
2.0477
  
0.0163
  
0.0003
  
9/23/1999
  
$7.62500
  
2.0314
  
0.0165
  
0.0003
  
9/22/1999
  
$7.50000
  
2.0149
  
0.0000
  
0.0000
  
9/21/1999
  
$7.50000
  
2.0149
  
-0.0645
  
0.0042
  
9/20/1999
  
$8.00000
  
2.0794
  
0.0000
  
0.0000
  
9/17/1999
  
$8.00000
  
2.0794
  
-0.0078
  
0.0001
  
9/16/1999
  
$8.06250
  
2.0872
  
0.0156
  
0.0002
  
9/15/1999
  
$7.93750
  
2.0716
  
0.0000
  
0.0000
  
9/14/1999
  
$7.93750
  
2.0716
  
-0.0310
  
0.0010
  
9/13/1999
  
$8.18750
  
2.1026
  
-0.0076
  
0.0001
  
9/10/1999
  
$8.25000
  
2.1102
  
-0.0299
  
0.0009
  
9/9/1999
  
$8.50000
  
2.1401
  
-0.0641
  
0.0041
  
9/8/1999
  
$9.06250
  
2.2041
  
0.0069
  
0.0000
  
9/7/1999
  
$9.00000
  
2.1972
  
0.0070
  
0.0000
  
9/6/1999
  
$8.93750
  
2.1903
  
0.0000
  
0.0000
  
9/3/1999
  
$8.93750
  
2.1903
  
0.0000
  
0.0000
  
9/2/1999
  
$8.93750
  
2.1903
  
-0.0139
  
0.0002
  
9/1/1999
  
$9.06250
  
2.2041
  
0.0000
  
0.0000
  
8/31/1999
  
$9.06250
  
2.2041
  
0.0139
  
0.0002
  
8/30/1999
  
$8.93750
  
2.1903
  
0.0000
  
0.0000
  
8/27/1999
  
$8.93750
  
2.1903
  
0.0356
  
0.0013
  
8/26/1999
  
$8.62500
  
2.1547
  
0.0000
  
0.0000
  
8/25/1999
  
$8.62500
  
2.1547
  
-0.0072
  
0.0001
  
8/24/1999
  
$8.68750
  
2.1619
  
-0.0072
  
0.0001
  
8/23/1999
  
$8.75000
  
2.1691
  
0.0000
  
0.0000
  
8/20/1999
  
$8.75000
  
2.1691
  
0.0000
  
0.0000
  
8/19/1999
  
$8.75000
  
2.1691
  
0.0000
  
0.0000
  
8/18/1999
  
$8.75000
  
2.1691
  
-0.0420
  
0.0018
  
8/17/1999
  
$9.12500
  
2.2110
  
0.0138
  
0.0002
  
8/16/1999
  
$9.00000
  
2.1972
  
0.0870
  
0.0076
  
8/13/1999
  
$8.25000
  
2.1102
  
-0.0225
  
0.0005
  
8/12/1999
  
$8.43750
  
2.1327
  
-0.0364
  
0.0013
  
8/11/1999
  
$8.75000
  
2.1691
  
0.0000
  
0.0000
  
8/10/1999
  
$8.75000
  
2.1691
  
-0.0623
  
0.0039
  
8/9/1999
  
$9.31250
  
2.2314
  
-0.0330
  
0.0011
  
8/6/1999
  
$9.62500
  
2.2644
  
0.0131
  
0.0002
  
8/5/1999
  
$9.50000
  
2.2513
  
-0.0260
  
0.0007
  
8/4/1999
  
$9.75000
  
2.2773
  
-0.0377
  
0.0014
  
8/3/1999
  
$10.12500
  
2.3150
  
-0.0062
  
0.0000
  
8/2/1999
  
$10.18750
  
2.3212
  
0.0062
  
0.0000
  
7/30/1999
  
$10.12500
  
2.3150
  
-0.0482
  
0.0023
  
7/29/1999
  
$10.62500
  
2.3632
  
-0.0117
  
0.0001
  
7/28/1999
  
$10.75000
  
2.3749
  
0.0117
  
0.0001
  
7/27/1999
  
$10.62500
  
2.3632
  
0.0000
  
0.0000
  
7/26/1999
  
$10.62500
  
2.3632
  
-0.0233
  
0.0005
  
7/23/1999
  
$10.87500
  
2.3865
  
-0.0114
  
0.0001
  
7/22/1999
  
$11.00000
  
2.3979
  
0.0000
  
0.0000
  
7/21/1999
  
$11.00000
  
2.3979
  
0.0172
  
0.0003
  
7/20/1999
  
$10.81250
  
2.3807
  
-0.0115
  
0.0001
  
7/19/1999
  
$10.93750
  
2.3922
  
0.0000
  
0.0000
  
7/16/1999
  
$10.93750
  
2.3922
  
0.0057
  
0.0000
  
7/15/1999
  
$10.87500
  
2.3865
  
0.0233
  
0.0005
  
7/14/1999
  
$10.62500
  
2.3632
  
0.0178
  
0.0003
  
7/13/1999
  
$10.43750
  
2.3454
  
0.0120
  
0.0001
  
7/12/1999
  
$10.31250
  
2.3334
  
0.0183
  
0.0003
  
7/9/1999
  
$10.12500
  
2.3150
  
0.0000
  
0.0000
  
7/8/1999
  
$10.12500
  
2.3150
  
-0.0123
  
0.0002
  
7/7/1999
  
$10.25000
  
2.3273
  
-0.0181
  
0.0003
  
7/6/1999
  
$10.43750
  
2.3454
  
0.0181
  
0.0003
  
7/5/1999
  
$10.25000
  
2.3273
  
0.0000
  
0.0000
  
7/2/1999
  
$10.25000
  
2.3273
  
-0.0241
  
0.0006
  
 
 
 
 
Culp, Inc. STOCK PRICE VOLATILITY   Page: 32
 
FROM 6/25/1999 TO 6/25/2007
File: Vltility
    Date: 6/15/2009
    Time: 3:44:00PM
 
 
 
Date 
  
Market
Value
  
Log
[Market Value]
   Change In Log    Squared
Deviation
  
7/1/1999
  
$10.50000
  
2.3514
  
0.0000
  
0.0000
  
6/30/1999
  
$10.50000
  
2.3514
  
0.0805
  
0.0065
  
6/29/1999
  
$9.68750
  
2.2708
  
0.0598
  
0.0036
  
6/28/1999
  
$9.12500
  
2.2110
  
0.0138
  
0.0002
  
6/25/1999
  
$9.00000
  
2.1972
  
0.0000
  
0.0000
  

 
Daily Variance            =            0.0017
Annual Variance         =            0.4322
Volatility                    =            0.6574