SEC Form 4 · accession 0001492919-16-000028
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thea R. Sears
Officer — Assistant Controller
Period of report
Nov 30, 2016
Accepted (ET)
Dec 2, 2016 · 2:50 pm EST
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 | Nov 30, 2016 | A | 200 | $19.70 | A | 35,187 | D | |
| Common StockF2 | holding | — | — | — | 3,192 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Subscription Rights (Right to Buy)F1 | $19.70 | Nov 30, 2016 | J | 200 | A | Aug 1, 2012 | Jul 31, 2019 | Common Stock | 200 | 823 | D |
Explanation of responses
- 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.
- F2This total reflects routine accumulation of 3,191.7638 common shares acquired through the Company's 401(K) benefit plan as of November 30, 2016, based on internal records.