SEC Form 4 · accession 0001572888-17-000006
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brent R Repenning
Officer — Sr VP,Davey Resource/E Utility
Period of report
May 19, 2017
Accepted (ET)
May 19, 2017 · 2:41 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 | May 19, 2017 | M | 2,000 | $16.60 | A | 15,921 | D | |
| Common StockF1 | May 19, 2017 | F | 518 | $35.20 | D | 15,403 | D | |
| Common StockF2 | May 19, 2017 | F | 350 | $35.20 | D | 15,053 | D | |
| Common StockF3 | holding | — | — | — | 2,238 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonqualified Stock Option (Right to Buy)F4 | $16.60 | May 19, 2017 | M | 2,000 | D | Nov 1, 2011 | Nov 1, 2020 | Common Stock | 2,000 | 3,000 | D |
Explanation of responses
- F1Common shares withheld as payment for the exercise of options.
- F2Payment of taxes in connection with netting of exercised option shares.
- F3This total reflects routine accumulation of 2,238.4912 common shares acquired through the Company's 401(K) benefit plan as of May 18, 2017, based on internal records.
- F4These options vest and become exercisable in five equal annual installments beginning on the first anniversary of the grant date.