SEC Form 4 · accession 0001643139-16-000016
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence S Abernathy
Officer — VP & GM, Davey Tree Surgery Co
Period of report
May 12, 2016
Accepted (ET)
May 16, 2016 · 4:54 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 12, 2016 | S | 1,023 | $32.70 | D | 44,520 | D | |
| Common Stock | May 12, 2016 | M | 4,750 | $11.25 | A | 49,270 | D | |
| Common StockF1 | May 12, 2016 | F | 1,171 | $32.70 | D | 48,099 | D | |
| Common StockF2 | holding | — | — | — | 48,515 | I | By 401(K) |
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)F3 | $11.25 | May 12, 2016 | M | 4,750 | D | Jun 5, 2007 | Jun 5, 2016 | Common Stock | 4,750 | 0 | D |
Explanation of responses
- F1Payment of taxes in connection with netting of exercised option shares.
- F2This total reflects routine accumulation of 48,514.6275 common shares acquired through the Company's 401(K) benefit plan as of May 12, 2016, 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.
- F3This option vested and became fully exercisable on June 5, 2011.