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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 3/1/24 |
Issuer: |
| Issuer CIK: 764401 |
| Issuer Name: INSTEEL INDUSTRIES INC |
| Issuer Trading Symbol: IIIN |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1390378 |
| | Owner Name: Wagner Richard |
| Reporting Owner Address: |
| | Owner Street 1: 1373 BOGGS DRIVE |
| | Owner Street 2: |
| | Owner City: MOUNT AIRY |
| | Owner State: NC |
| | Owner ZIP Code: 27030 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Officer? Yes |
| | Officer Title: Senior Vice President and COO |
Aff 10b5 One? No |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/1/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 1,715 |
| | | Transaction Price Per Share: |
| Value: 36.1419 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 40,952 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Unit |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,642 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Unit |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,784 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Unit |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2098 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Unit |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,271 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Unit |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,218 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Unit |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1978 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,700 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: Held in 401(K) Account |
Derivative Table: |
| Derivative Holding: |
| | Security Title: |
| | | Value: Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 32.77 |
| | Exercise Date: |
| | | Value: 8/15/23 |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 8/15/32 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 4,893 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,893 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 30.27 |
| | Exercise Date: |
| | | Value: 2/14/24 |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 2/14/33 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 5,200 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 5,200 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 19.86 |
| | Exercise Date: |
| | | Value: 8/11/21 |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 8/11/30 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 2,589 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,589 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 29.43 |
| | Exercise Date: |
| | | Value: 2/16/22 |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 2/16/31 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 1,859 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,859 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 41.87 |
| | Exercise Date: |
| | | Value: 8/16/22 |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 8/16/31 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 3,967 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,967 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 38.54 |
| | Exercise Date: |
| | | Value: 2/15/23 |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 2/15/32 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 4,450 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,450 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 41.85 |
| | Exercise Date: |
| | | Value: 8/13/19 |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 8/13/28 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 4,828 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,828 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 30.99 |
| | Exercise Date: |
| | | Value: 8/14/24 |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 8/14/33 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 5,165 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 5,165 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Option (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 34.75 |
| | Exercise Date: |
| | | Value: 2/13/25 |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 2/13/34 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 5,252 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 5,252 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: Options vest 1/3 annually beginning one year from grant date. |
Remarks: |
Owner Signature: |
| Signature Name: /s/Elizabeth C. Southern Attorney-in-Fact |
| Signature Date: 3/4/24 |