SEC Form 4 · accession 0001247546-17-000010
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karl J Warnke
Director
Period of report
Oct 13, 2017
Accepted (ET)
Oct 17, 2017 · 3:05 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 StockF1,F2 | Oct 13, 2017 | S | 21,399 | $18.30 | D | 484,845 | I | By Karl J. Warnke Trust |
| Common StockF2 | Oct 13, 2017 | M | 12,000 | $11.60 | A | 496,845 | I | By Karl J. Warnke Trust |
| Common StockF2 | Oct 13, 2017 | M | 10,000 | $13.20 | A | 506,845 | I | By Karl J. Warnke Trust |
| Common StockF2 | Oct 13, 2017 | M | 8,000 | $15.05 | A | 514,845 | I | By Karl J. Warnke Trust |
| Common StockF2 | Oct 13, 2017 | M | 24,000 | $8.20 | A | 538,845 | I | By Karl J. Warnke Trust |
| Common StockF2 | Oct 13, 2017 | M | 24,000 | $8.30 | A | 562,845 | I | By Karl J. Warnke Trust |
| Common StockF2 | Oct 13, 2017 | M | 24,000 | $9.20 | A | 586,845 | I | By Karl J. Warnke Trust |
| Common StockF2 | Oct 13, 2017 | M | 24,000 | $9.85 | A | 610,845 | I | By Karl J. Warnke Trust |
| Common StockF2 | Oct 13, 2017 | M | 65,380 | $11.60 | A | 676,225 | I | By Karl J. Warnke Trust |
| Common StockF2 | Oct 13, 2017 | M | 68,600 | $13.20 | A | 744,825 | I | By Karl J. Warnke Trust |
| Common StockF2 | Oct 13, 2017 | M | 68,600 | $15.05 | A | 813,425 | I | By Karl J. Warnke Trust |
| Common StockF2 | Oct 13, 2017 | M | 68,600 | $16.35 | A | 882,025 | I | By Karl J. Warnke Trust |
| Common StockF2 | Oct 13, 2017 | M | 34,400 | $17.60 | A | 916,425 | I | By Karl J. Warnke Trust |
| Common StockF2,F3 | Oct 13, 2017 | D | 288,339 | $18.30 | D | 628,086 | I | By Karl J. Warnke Trust |
| Common StockF4 | Oct 13, 2017 | F | 56,167 | $18.30 | D | 571,919 | I | By Karl J. Warnke Trust |
| Common StockF5,F6 | Oct 13, 2017 | F | 17,132 | $18.30 | D | 70,274 | I | PRSUs |
| Common StockF7,F6 | Oct 13, 2017 | D | 12,003 | $18.30 | D | 58,271 | I | PRSUs |
| Common StockF7 | Oct 13, 2017 | G | 12,003 | $0.00 | A | 583,922 | I | By Karl J. Warnke Trust |
| Common StockF2 | holding | — | — | — | 289,930 | I | By Barbara R. Warnke Trust | |
| Common StockF8 | holding | — | — | — | 97,726 | 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)F2,F9 | $11.60 | Oct 13, 2017 | M | 12,000 | D | Jun 24, 2014 | Jun 24, 2023 | Common Stock | 12,000 | 0 | D |
| Non-Qualified Stock Option (Right to Buy)F2,F9 | $13.20 | Oct 13, 2017 | M | 10,000 | D | Jun 30, 2015 | Jun 30, 2024 | Common Stock | 10,000 | 0 | D |
| Non-Qualified Stock Option (Right to Buy)F2,F9 | $15.05 | Oct 13, 2017 | M | 8,000 | D | Jun 29, 2016 | Jun 29, 2025 | Common Stock | 8,000 | 0 | D |
| Stock Appreciation Rights (2009)F2,F10 | $8.20 | Oct 13, 2017 | M | 24,000 | D | Mar 10, 2010 | Dec 31, 2018 | Common Stock | 24,000 | 0 | D |
| Stock Appreciation Rights (2010)F2,F10 | $8.30 | Oct 13, 2017 | M | 24,000 | D | Mar 9, 2011 | Dec 31, 2019 | Common Stock | 24,000 | 0 | D |
| Stock Appreciation Rights (2011)F2,F10 | $9.20 | Oct 13, 2017 | M | 24,000 | D | Mar 9, 2012 | Dec 31, 2020 | Common Stock | 24,000 | 0 | D |
| Stock Appreciation Rights (2012)F2,F10 | $9.85 | Oct 13, 2017 | M | 24,000 | D | Mar 7, 2013 | Dec 31, 2021 | Common Stock | 24,000 | 0 | D |
| Stock Appreciation Rights (2013)F2,F10 | $11.60 | Oct 13, 2017 | M | 65,380 | D | Mar 7, 2014 | Dec 31, 2022 | Common Stock | 65,380 | 0 | D |
| Stock Appreciation Rights (2014)F2,F10 | $13.20 | Oct 13, 2017 | M | 68,600 | D | Mar 7, 2015 | Dec 31, 2023 | Common Stock | 68,600 | 0 | D |
| Stock Appreciation Rights (2015)F2,F10 | $15.05 | Oct 13, 2017 | M | 68,600 | D | Mar 6, 2016 | Dec 31, 2024 | Common Stock | 68,600 | 0 | D |
| Stock Appreciation Rights (2016)F2,F10 | $16.35 | Oct 13, 2017 | M | 68,600 | D | Mar 4, 2017 | Dec 31, 2025 | Common Stock | 68,600 | 0 | D |
| Stock Appreciation Rights (2017)F2,F10 | $17.60 | Oct 13, 2017 | M | 34,400 | D | Mar 10, 2018 | Dec 31, 2026 | Common Stock | 34,400 | 0 | D |
Explanation of responses
- F1Shares surrendered in connection with the exercise of Non-Qualified Stock Option shares.
- F10Exercise of SARs which became fully vested upon Mr. Warnke's retirement.
- F2All share totals and prices reflect a 2-for-1 stock split effective June 1, 2017.
- F3Exercise of SARs.
- F4Payment of taxes in connection with SARs pay-out.
- F5Payment of taxes related to PRSU and RSU distribution.
- F6Represents PRSU and RSUs.
- F7Distribution of PRSU and RSU shares.
- F8This total reflects routine accumulation of 97,726.4489 common shares acquired through the Company's 401(K) benefit plan as of October 13, 2017, based on internal records.
- F9These shares vested and became fully exercisable upon Mr. Warnke's retirement.