SEC Form 4 · accession 0001247540-15-000004

DAVEY TREE EXPERT CO

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP Recruiting/Development

Period of report

Mar 25, 2015

Accepted (ET)

Mar 27, 2015 · 5:05 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^F1	Mar 25, 2015	F	426	$30.10	D	137,373	D
Common Stock^F2	Mar 25, 2015	M	700	$16.40	A	138,073	D
Common Stock^F2	Mar 25, 2015	D	381	$30.10	D	137,692	D
Common Stock^F2	Mar 25, 2015	M	700	$16.60	A	138,392	D
Common Stock^F2	Mar 25, 2015	D	386	$30.10	D	138,006	D
Common Stock^F2	Mar 25, 2015	M	700	$18.40	A	138,706	D
Common Stock^F2	Mar 25, 2015	D	428	$30.10	D	138,278	D
Common Stock^F2	Mar 25, 2015	M	700	$19.70	A	138,978	D
Common Stock^F2	Mar 25, 2015	D	458	$30.10	D	138,520	D
Common Stock^F2	Mar 25, 2015	M	700	$23.20	A	139,220	D
Common Stock^F2	Mar 25, 2015	D	540	$30.10	D	138,680	D
Common Stock^F2	Mar 25, 2015	M	700	$26.40	A	139,380	D
Common Stock^F2	Mar 25, 2015	D	614	$30.10	D	138,766	D
Common Stock^F3	Mar 25, 2015	F	497	$30.10	D	138,269	D
Common Stock	holding	—	—		—	1,670	I	By minor child
Common Stock	holding	—	—		—	1,670	I	By Son
Common Stock^F4	holding	—	—		—	93,278	I	By 401(k) Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock Appreciation Rights (2009)^F2	$16.40	Mar 25, 2015	M	700	A	Mar 10, 2010	Dec 31, 2018	Common Stock	700	D
Stock Appreciation Rights (2010)^F2	$16.60	Mar 25, 2015	M	700	A	Mar 9, 2011	Dec 31, 2019	Common Stock	700	D
Stock Appreciation Rights (2011)^F2	$18.40	Mar 25, 2015	M	700	A	Mar 9, 2012	Dec 31, 2020	Common Stock	700	D
Stock Appreciation Rights (2012)^F2	$19.70	Mar 25, 2015	M	700	A	Mar 7, 2013	Dec 31, 2021	Common Stock	700	D
Stock Appreciation Rights (2013)^F2	$23.20	Mar 25, 2015	M	700	A	Mar 7, 2014	Dec 31, 2022	Common Stock	700	D
Stock Appreciation Rights (2014)^F2	$26.40	Mar 25, 2015	M	700	A	Mar 7, 2015	Dec 31, 2023	Common Stock	700	D

F1Payment of taxes in connection with PRSUs pay-out.
F2Exercise of SARs upon retirement.
F3Payment of taxes in connection with SARs pay-out.
F4This total reflects routine accumulation of 93,278.3107 common shares acquired through the Company's 401(K) benefit plan as of March 25, 2015, based on internal records.