SEC Form 4 · accession 0001247539-17-000006
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven A Marshall
Officer — Ex VP & Asst. to the President
Period of report
May 12, 2017
Accepted (ET)
May 16, 2017 · 10:31 am 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 | May 12, 2017 | S | 8,777 | $35.20 | D | 45,430 | D | |
| Common Stock | May 12, 2017 | M | 6,000 | $16.60 | A | 51,430 | D | |
| Common StockF1 | May 12, 2017 | F | 2,830 | $35.20 | D | 48,600 | D | |
| Common StockF2 | May 12, 2017 | F | 1,049 | $35.20 | D | 47,551 | D | |
| Common Stock | May 12, 2017 | M | 3,000 | $23.20 | A | 50,551 | D | |
| Common StockF1 | May 12, 2017 | F | 1,978 | $35.20 | D | 48,573 | D | |
| Common StockF2 | May 12, 2017 | F | 339 | $35.20 | D | 48,234 | D | |
| Common Stock | May 12, 2017 | M | 3,000 | $26.40 | A | 51,234 | D | |
| Common StockF1 | May 12, 2017 | F | 2,250 | $35.20 | D | 48,984 | D | |
| Common StockF2 | May 12, 2017 | F | 248 | $35.20 | D | 48,736 | D | |
| Common Stock | May 12, 2017 | M | 2,000 | $30.10 | A | 50,736 | D | |
| Common StockF1 | May 12, 2017 | F | 1,711 | $35.20 | D | 49,025 | D | |
| Common StockF2 | May 12, 2017 | F | 96 | $35.20 | D | 48,929 | D | |
| Common Stock | May 12, 2017 | M | 5,000 | $16.40 | A | 53,929 | D | |
| Common Stock | May 12, 2017 | M | 5,000 | $16.60 | A | 58,929 | D | |
| Common Stock | May 12, 2017 | M | 5,000 | $18.40 | A | 63,929 | D | |
| Common Stock | May 12, 2017 | M | 5,000 | $19.70 | A | 68,929 | D | |
| Common Stock | May 12, 2017 | M | 5,890 | $23.20 | A | 74,819 | D | |
| Common Stock | May 12, 2017 | M | 6,200 | $26.40 | A | 81,019 | D | |
| Common Stock | May 12, 2017 | M | 6,200 | $30.10 | A | 87,219 | D | |
| Common Stock | May 12, 2017 | M | 6,200 | $32.70 | A | 93,419 | D | |
| Common Stock | May 12, 2017 | M | 3,100 | $35.20 | A | 96,519 | D | |
| Common Stock | May 12, 2017 | D | 32,793 | $35.20 | D | 63,726 | D | |
| Common StockF3 | May 12, 2017 | F | 4,898 | $35.20 | D | 58,828 | D | |
| Common StockF4 | holding | — | — | — | 63,393 | 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)F5 | $16.60 | May 12, 2017 | M | 6,000 | D | Nov 1, 2011 | Nov 1, 2020 | Common Stock | 6,000 | 0 | D |
| Non-Qualified Stock Option (Right to Buy)F6 | $23.20 | May 12, 2017 | M | 3,000 | D | Jun 24, 2014 | Jun 24, 2023 | Common Stock | 3,000 | 0 | D |
| Non-Qualified Stock Option (Right to Buy)F6 | $26.40 | May 12, 2017 | M | 3,000 | D | Jun 30, 2015 | Jun 30, 2024 | Common Stock | 3,000 | 0 | D |
| Non-Qualified Stock Option (Right to Buy)F6 | $30.10 | May 12, 2017 | M | 2,000 | D | Jun 29, 2016 | Jun 29, 2025 | Common Stock | 2,000 | 0 | D |
| Stock Appreciation Rights (2009)F7 | $16.40 | May 12, 2017 | M | 5,000 | D | Mar 10, 2010 | Dec 31, 2018 | Common Stock | 5,000 | 0 | D |
| Stock Appreciation Rights (2010)F7 | $16.60 | May 12, 2017 | M | 5,000 | D | Mar 9, 2011 | Dec 31, 2019 | Common Stock | 5,000 | 0 | D |
| Stock Appreciation Rights (2011)F7 | $18.40 | May 12, 2017 | M | 5,000 | D | Mar 9, 2012 | Dec 31, 2020 | Common Stock | 5,000 | 0 | D |
| Stock Appreciation Rights (2012)F7 | $19.70 | May 12, 2017 | M | 5,000 | D | Mar 7, 2013 | Dec 31, 2021 | Common Stock | 5,000 | 0 | D |
| Stock Appreciation Rights (2013)F7 | $23.20 | May 12, 2017 | M | 5,890 | D | Mar 7, 2014 | Dec 31, 2022 | Common Stock | 5,890 | 0 | D |
| Stock Appreciation Rights (2014)F7 | $26.40 | May 12, 2017 | M | 6,200 | D | Mar 7, 2015 | Dec 31, 2023 | Common Stock | 6,200 | 0 | D |
| Stock Appreciation Rights (2015)F7 | $30.10 | May 12, 2017 | M | 6,200 | D | Mar 6, 2016 | Dec 31, 2024 | Common Stock | 6,200 | 0 | D |
| Stock Appreciation Rights (2016)F7 | $32.70 | May 12, 2017 | M | 6,200 | D | Mar 4, 2017 | Dec 31, 2025 | Common Stock | 6,200 | 0 | D |
| Stock Appreciation Rights (2017)F7 | $35.20 | May 12, 2017 | M | 3,100 | D | Mar 14, 2018 | Dec 31, 2026 | Common Stock | 3,100 | 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.
- F3Payment of taxes in connection with SARs pay-out.
- F4The securities reported herein were acquired pursuant to The Davey Tree Expert Company's Employee Stock Ownership Plan and were accrued in the reporting person's account on the indicated date. This total reflects accumulation of 63,392.6300 common shares acquired through the Company's 401(K) benefit plan as of May 12, 2017, based on internal records.
- F5This option vested and became fully exercisable on November 1, 2015.
- F6These shares vested and became fully exercisable upon Mr. Marshall's retirement.
- F7Exercise of SARs which became fully vested upon Mr. Marshall's retirement.