SEC Form 4 · accession 0001668793-19-000004
DAVEY TREE EXPERT CO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory M Ina
Officer — Ex VP, Davey Institute/Emp Dev
Period of report
Mar 7, 2019
Accepted (ET)
Mar 11, 2019 · 3:27 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 | Mar 7, 2019 | A | 1,324 | $21.10 | A | 44,352 | D | |
| Common StockF2 | holding | — | — | — | 11,058 | 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)F3 | $21.10 | Mar 7, 2019 | A | 2,000 | A | Mar 7, 2020 | Mar 7, 2029 | Common Stock | 2,000 | 2,000 | D |
Explanation of responses
- F1Upon the achievement of certain performance criteria, performance restricted stock units (PRSUs) were granted pursuant to the Company's performance restricted stock unit program, are payable in common shares, will be fully vested on the earlier of (a) the fifth anniversary of the grant date (the transaction date herein), (b) retirement (provided that the participant has attained the age of 55 years and has had at least five years of service with the Company), (c) total or permanent disability or death, or (d) certain events of termination, and will be paid no later than March 15 following the year in which the participant retires.
- F2This total reflects routine accumulation of 11,057.7608 common shares acquired through the Company's 401(K) benefit plan as of March 7, 2019, based on internal records.
- F3This option will become exercisable in 20% installments on each anniversary of the grant date beginning on March 7, 2020.