Knoll director just picked up 721 shares

Sidney Lapidus, a director of Knoll, recently acquired 721 shares of the company. The buys took place at $17.33 per share, on June 30, 2014. Lapidus now owns 151,826 shares of the company. Lapidus operates out of New York, NY. Some additional info was provided as follows:

This stock was acquired pursuant to the Company's Non-Employee Director Compensation Plan in a transaction exempt from Section 16 under Rule 16b-3(d). Under this Plan, directors may elect in advance to receive shares of common stock in lieu of all or a portion of their cash retainer at a price per share equal to the closing price of the common stock on the last business day of the quarter (referred to as the "transaction date"). The price as shown above reflects the last sale price of the common s tock on the transaction date. The amount of reporting person's beneficially owned securities includes 100,000 shares indirectly held in a grantor retained annuity trust, of which reporting person serves as trustee.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Knoll next reports earnings on July 14, 2014.

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