SEC Form 4 · accession 0001247543-17-000008
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas R Sucic
Officer — FORMER VP and Controller
Period of report
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 11:59 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 StockF1 | Mar 31, 2017 | S | 4,583 | $35.20 | D | 35,551 | D | |
| Common Stock | Mar 31, 2017 | M | 2,000 | $16.00 | A | 37,551 | D | |
| Common Stock | Mar 31, 2017 | M | 2,000 | $23.20 | A | 39,551 | D | |
| Common Stock | Mar 31, 2017 | M | 2,000 | $26.40 | A | 41,551 | D | |
| Common Stock | Mar 31, 2017 | M | 1,000 | $30.10 | A | 42,551 | D | |
| Common StockF2 | Mar 31, 2017 | F | 827 | $35.20 | D | 41,724 | D | |
| Common Stock | Mar 31, 2017 | M | 1,050 | $30.10 | A | 42,774 | D | |
| Common Stock | Mar 31, 2017 | M | 2,100 | $32.70 | A | 44,874 | D | |
| Common Stock | Mar 31, 2017 | D | 2,849 | $35.20 | D | 42,025 | D | |
| Common StockF3 | Mar 31, 2017 | F | 97 | $35.20 | D | 41,928 | D | |
| Common StockF4 | Mar 31, 2017 | F | 811 | $35.20 | D | 41,117 | D | |
| Common StockF5 | holding | — | — | — | 3,233 | 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)F6 | $16.00 | Mar 31, 2017 | M | 2,000 | D | Nov 2, 2010 | Nov 2, 2019 | Common Stock | 2,000 | 0 | D |
| Non-Qualified Stock Option (Right to Buy)F7 | $23.20 | Mar 31, 2017 | M | 2,000 | D | Jun 24, 2014 | Jun 24, 2023 | Common Stock | 2,000 | 0 | D |
| Non-Qualified Stock Option (Right to Buy)F8 | $26.40 | Mar 31, 2017 | M | 2,000 | D | Jun 30, 2015 | Jun 30, 2024 | Common Stock | 2,000 | 0 | D |
| Non-Qualified Stock Option (Right to Buy)F9 | $30.10 | Mar 31, 2017 | M | 1,000 | D | Jun 29, 2016 | Jun 29, 2025 | Common Stock | 1,000 | 0 | D |
| Stock Appreciation Rights (2015)F10 | $30.10 | Mar 31, 2017 | M | 1,050 | D | Mar 6, 2016 | Dec 31, 2024 | Common Stock | 1,050 | 0 | D |
| Stock Appreciation Rights (2016)F10 | $32.70 | Mar 31, 2017 | M | 2,100 | D | Mar 4, 2017 | Dec 31, 2025 | Common Stock | 2,100 | 0 | D |
Explanation of responses
- F1Shares surrendered in connection with the exercise of Non-Qualified Stock Option shares.
- F10Exercise of SARs.
- F2Payment of taxes in connection with netting of exercised option shares.
- F3Payment of taxes in connection with SARs pay-out.
- F4Payment of taxes in connection with PRSUs pay-out.
- F5The 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 3,232.7146 common shares acquired through the Company's 401(K) benefit plan as of March 31, 2017, based on internal records.
- F6These options vested and became fully exercisable on November 2, 2014.
- F7These options become exercisable in 20% installments on each anniversary of the grant date beginning June 24, 2014.
- F8These options become exercisable in 20% installments on each anniversary of the grant date beginning 6/30/2015.
- F9These options become exercisable in 20% installments on each anniversary of the grant date beginning June 29, 2016.