SEC Form 4 · accession 0001572890-18-000008
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dan A Joy
Officer — VP/GM Comm'l Landscape Srvs
Period of report
Apr 3, 2018
Accepted (ET)
Apr 3, 2018 · 4:07 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 | Apr 3, 2018 | A | 2,000 | $8.00 | A | 41,789 | D | |
| Common StockF1 | Apr 3, 2018 | M | 2,400 | $8.20 | A | 44,189 | D | |
| Common Stock | Apr 3, 2018 | D | 1,031 | $19.10 | D | 43,158 | D | |
| Common StockF2 | Apr 3, 2018 | F | 412 | $19.10 | D | 42,746 | D | |
| Common Stock | holding | — | — | — | 3,200 | I | By Son | |
| Common StockF3 | holding | — | — | — | 87,671 | 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 Appreciation Rights (2009)F4,F5 | $8.20 | Apr 3, 2018 | M | 2,400 | D | Mar 10, 2010 | Dec 31, 2018 | Common Stock | 2,400 | 0 | D |
| Nonqualified Stock Option (Right to Buy)F6,F7 | $8.00 | Apr 3, 2018 | M | 2,000 | D | Nov 2, 2010 | Nov 2, 2019 | Common Stock | 2,000 | 2,000 | D |
Explanation of responses
- F1All share totals and prices reflect a 2-for-1 stock split effective June 1, 2017.
- F2Payment of taxes in connection with SARs pay-out.
- F3This total reflects routine accumulation of 87,671.1236 common shares acquired through the Company's 401(K) benefit plan as of April 3, 2018, based on internal records.
- F4These stock appreciation rights become exercisable in five equal annual installments beginning on the first anniversary of the grant date.
- F5Exercise of SARs.
- F6These options vest and become exercisable in five equal annual installments beginning on the first anniversary of the grant date.
- F7These options vested and became fully exercisable on November 2, 2014.