SEC Form 4 · accession 0001526188-15-000016
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marjorie L. Conner
Officer — Assistant Secretary & Counsel
Period of report
Aug 19, 2015
Accepted (ET)
Aug 20, 2015 · 4:30 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 | Aug 19, 2015 | A | 200 | $26.40 | A | 32,883 | D | |
| Common StockF2 | Aug 19, 2015 | A | 104 | $19.70 | A | 32,987 | D | |
| Common StockF3 | holding | — | — | — | 16,326 | I | By 401K 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) | $26.40 | Aug 19, 2015 | M | 200 | D | Jun 30, 2015 | Jun 30, 2024 | Common Stock | 200 | 800 | D |
| Stock Subscription Rights (Right to Buy) | $19.70 | Aug 19, 2015 | J | 104 | D | Aug 1, 2012 | Jul 31, 2019 | Common Stock | 104 | 315 | D |
Explanation of responses
- F1These options became exercisable in installments of 20% per year beginning on the first anniversary of the grant date.
- F2The 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.
- F3This total reflects routine accumulation of 16,325.6603 common shares acquired through the Company's 401(K) benefit plan as of August 19, 2015, based on internal records. The number of shares in the reporting person's 401(K) plan account has decreased due to administrative fees withheld by the plan administrator.