SEC Form 4 · accession 0001487329-16-000018

DAVEY TREE EXPERT CO

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

Reporting owner

Officer — Exec VP, U.S. Residential Ops

Period of report

Mar 30, 2016

Accepted (ET)

Mar 31, 2016 · 2:47 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 30, 2016	A	313	$19.70	A	146,259	D
Common Stock^F2	Mar 30, 2016	A	2,000	$16.00	A	148,259	D
Common Stock	holding	—	—		—	8	I	By Son
Common Stock^F3	holding	—	—		—	25,431	I	By 401(k) Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Subscription Rights (Right to Buy)	$19.70	Mar 30, 2016	J	313	D	Aug 1, 2012	Jul 31, 2019	Common Stock	313	941	D
Non-Qualified Stock Option (Right to Buy)^F2	$16.00	Mar 30, 2016	M	2,000	D	Nov 2, 2009	Nov 2, 2019	Common Stock	2,000	200	D

F1The reported stock subscription rights to purchase shares of the Company's common stock were acquired in the Company's stock subscription offering to employees and non-employee directors in accordance with the provisions of The Davey Tree Expert Company 2004 Omnibus Stock Plan (the "Plan"). All participants in the offering purchasing in excess of $5,000 of common stock were granted a "right" to purchase one additional share of common stock, at a price of $19.70 per share, for every three shares of common stock purchased under the Plan. Each "right" may be exercised at the rate of 1/7 per year beginning on August 1, 2012 and will expire on July 31, 2019.
F2These options vested and became fully exercisable on November 2, 2014.
F3This total reflects routine accumulation of 25,431.1365 common shares acquired through the Company's 401(K) benefit plan as of March 30, 2016, based on internal records.