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SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 		 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
CULP ROBERT GEORGE IV
(Last) (First) (Middle)
101 SOUTH MAIN STREET
(Street)
HIGH POINT NC 27260
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CULP INC [ CFI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, CHF Divsion
3. Date of Earliest Transaction (Month/Day/Year)
03/28/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/28/2006 M 2,250 A $3.03 2,250 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy)(1) $3.03 03/28/2006 M 2,250 03/29/2002 03/28/2006 Common Stock 2,250 $0 0 D
Explanation of Responses:
1. Employee stock option (right to buy) granted pursuant to the Culp, Inc. 1993 Stock Option Plan in reliance upon the exemption provided by Rule 16b-3(d)
Remarks:
Exhibit List Exhibit 24 - Power of Attorney
/s/ Kenneth R. Bowling, Attorney-In-Fact 03/29/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

									Exhibit 24
	Power of Attorney


		Know all by these presents, that the undersigned hereby
	constitutes and appoints each of Kenneth M.Ludwig, Teresa A.
        Huffman and Kenneth R. Bowling signing singly, the undersigned's
        true and lawful attorney-in-fact to:

		(1)	execute for and on behalf of the undersigned,
		in the undersigned's capacity as an officer
		and/or director of Culp, Inc. (the "Company"),
		Forms 3, 4, and 5 in accordance with Section
		16 (a) of the Securities Exchange Act of 1934
		and the rules thereunder;

		(2)	do and perform any and all acts for and on
		behalf of the undersigned which may be necessary
		or desirable to complete and execute any such
		Form 3, 4, or 5, complete and execute any
		amendment or amendments thereto, and timely file
		such form with the United States Securities and
		Exchange Commission and any stock exchange or
		similar authority; and

		(3)	take any other action of any type whatsoever
		in connection with the foregoing which, in the opinion
		of such attorney-in-fact, may be of benefit to, in the
		best interest of, or legally required by, the undersigned,
		it being understood that the documents executed by such
		attorney-in-fact on behalf of the undersigned pursuant to
		this Power of Attorney shall be in such form and shall
		contain such terms and conditions as such attorney-in-fact
		may approve in such attorney-in-fact's discretion.

		The undersigned hereby grants to each such attorney-in-fact
	full power and authority to do and perform any and every act and thing
	whatsoever requisite, necessary, or proper to be done in the exercise
	of any of the rights and powers herein granted, as fully to all intents
	and purposes as the undersigned might or could do if personally present,
	with full power of substitution or revocation, hereby ratifying and
	confirming all that such attorney-in-fact, or such attorneys-in-fact's
	substitute or substitutes, shall lawfully do or cause to be done by
	virtue of this Power of	Attorney and the rights and powers herein
	granted.  The undersigned acknowledges that the foregoing attorneys-
	in-fact, in serving in such capacity at the request of the undersigned,
	are not assuming, nor is the Company assuming,any of the undersigned's
	responsibilities to comply with	Section 16 of the Securities Exchange Act
	of 1934.

		This Power of Attorney shall remain in full force and effect
	until the undersigned is no longer required to file Forms 3, 4, and 5
	with respect to the undersigned's holdings of and transactions in securities
	issued by the Company, unless earlier revoked by the undersigned in a signed
	writing delivered to the foregoing attorneys-in-fact.

		IN WITNESS WHEREOF, the undersigned has caused this Power of
	Attorney to be executed as of this 2nd day of January, 2006.




	/s/Robert G. Culp, IV