SEC Form 4 · accession 0001487329-17-000009
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James F Stief
Officer — Exec VP, U.S. Residential Ops
Period of report
May 12, 2017
Accepted (ET)
May 16, 2017 · 10:38 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 | M | 1,750 | $16.60 | A | 152,180 | D | |
| Common Stock | holding | — | — | — | 8 | I | By Son | |
| Common StockF1 | holding | — | — | — | 25,854 | 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 | $16.60 | May 15, 2017 | M | 1,750 | D | Nov 1, 2011 | Nov 1, 2020 | Common Stock | 1,750 | 4,250 | D |
Explanation of responses
- F1The 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 25,853.9907 common shares acquired through the Company's 401(K) benefit plan as of May 12, 2017, based on internal records.
- F2These options vested and will become fully exercisable on November 1, 2015.