SEC Form 4 · accession 0001492919-18-000010
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thea R. Sears
Officer — Vice President & Controller
Period of report
Dec 17, 2018
Accepted (ET)
Dec 17, 2018 · 5:30 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 | Dec 17, 2018 | M | 292 | $9.85 | A | 75,629 | D | |
| Common Stock | Dec 17, 2018 | M | 4,000 | $8.30 | A | 79,629 | D | |
| Common StockF2 | holding | — | — | — | 7,410 | 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) | $9.85 | Dec 17, 2018 | J | 292 | D | Aug 1, 2012 | Jul 31, 2019 | Common Stock | 292 | 0 | D |
| Non-Qualified Stock Option (Right to Buy)F3 | $8.30 | Dec 17, 2018 | M | 4,000 | D | Nov 1, 2011 | Nov 1, 2020 | Common Stock | 4,000 | 6,000 | D |
Explanation of responses
- F1The reported shares of the Company's common stock and rights 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. All shares and prices adjusted for 2-for-1 stock split dated June 1, 2017.
- F2This total reflects routine accumulation of 7,410.2713 common shares acquired through the Company's 401(K) benefit plan as of December 17, 2018, based on internal records.
- F3This option vested and became fully exercisable on November 1, 2015.