SEC Form 4 · accession 0001572888-18-000006
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brent R Repenning
Officer — Ex VP US Utility/Davey Resourc
Period of report
May 16, 2018
Accepted (ET)
May 17, 2018 · 5:00 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 16, 2018 | S$0 | 546 | $0.00 | D | 30,341 | D | |
| Common Stock | May 16, 2018 | M | 1,608 | $9.85 | A | 31,949 | D | |
| Common StockF1 | May 16, 2018 | M | 2,000 | $8.30 | A | 33,949 | D | |
| Common StockF2 | holding | — | — | — | 5,000 | 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)F3 | $9.85 | May 16, 2018 | M | 1,608 | D | Aug 1, 2012 | Aug 1, 2019 | Common Stock | 1,608 | 1,608 | D |
| Nonqualified Stock Option (Right to Buy)F4 | $8.30 | May 16, 2018 | M | 2,000 | D | Nov 1, 2011 | Nov 1, 2020 | Common Stock | 2,000 | 4,000 | D |
Explanation of responses
- F1On March 16, 2017, the grant date of certain PRSUs and SARs were incorrectly reported as March 14, 2017, rather than March 3, 2017.
- F2This total reflects routine accumulation of 4,999.7762 common shares acquired through the Company's 401(K) benefit plan as of May 16, 2018, based on internal records.
- F3Stock Rights available one for every three common shares originally subscribed for each right may be purchased at the rate of 1/7 per year beginning August 1, 2012 and will expire on August 1, 2019.
- F4These options vest and become exercisable in five equal annual installments beginning on the first anniversary of the grant date.