SEC Form 4 · accession 0001572920-15-000006
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark J Vaughn
Officer — VP/GM Eastern Utility Services
Period of report
Apr 14, 2015
Accepted (ET)
Apr 16, 2015 · 3:29 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 | Apr 14, 2015 | S | 2,000 | $30.10 | D | 5,602 | D | |
| Common Stock | Apr 14, 2015 | M | 1,505 | $16.00 | A | 7,107 | D | |
| Common StockF1 | Apr 14, 2015 | M | 1,200 | $16.40 | A | 8,307 | D | |
| Common StockF1 | Apr 14, 2015 | D | 654 | $30.10 | D | 7,653 | D | |
| Common StockF2 | Apr 14, 2015 | F | 195 | $30.10 | D | 7,458 | D | |
| Common StockF3 | holding | — | — | — | 8,190 | 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 | $16.00 | Apr 14, 2015 | M | 1,505 | D | Nov 2, 2010 | Nov 2, 2019 | Common Stock | 1,505 | 495 | D |
| Stock Appreciation Rights (2009)F1 | $16.40 | Apr 14, 2015 | M | 1,200 | D | Mar 10, 2010 | Dec 31, 2018 | Common Stock | 1,200 | 0 | D |
Explanation of responses
- F1Exercise of SARs.
- F2Payment of taxes in connection with SARs pay-out.
- F3This total reflects routine accumulation of 8,190.0675 common shares acquired through the Company's 401(K) benefit plan as of April 14, 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.
- F4These shares vested and became fully exercisable on November 2, 2014.