SEC Form 4 · accession 0001247539-16-000018
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven A Marshall
Officer — Exec VP, US Utility Ops
Period of report
Apr 20, 2016
Accepted (ET)
Apr 21, 2016 · 3:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000277638
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 20, 2016 | M | 20,000 | $11.25 | A | 63,179 | D | |
| Common StockF1 | Apr 20, 2016 | F | 6,881 | $32.70 | D | 56,298 | D | |
| Common StockF2 | Apr 20, 2016 | F | 4,342 | $32.70 | D | 51,956 | D | |
| Common StockF3 | holding | — | — | — | 62,949 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F4 | $11.25 | Apr 20, 2016 | M | 20,000 | D | Jun 5, 2007 | Jun 5, 2016 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1Common shares withheld as payment for the exercise of options.
- F2Payment of taxes in connection with netting of exercised option shares.
- F3This total reflects routine accumulation of 62,948.6522 common shares acquired through the Company's 401(K) benefit plan as of April 20, 2016, based on internal records. The number of shares in the reporting person's 401(K) plan account has decreased due to administrative fees withheld by the plan administrator.
- F4This option vested and became fully exercisable on June 5, 2011.