SEC Form 4 · accession 0000278166-15-000021
CAVCO INDUSTRIES, INC. · CVCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William C Boor
Director
Period of report
Jun 3, 2015
Accepted (ET)
Jun 5, 2015 · 8:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000278166
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 3, 2015 | M | 10,000 | $32.54 | A | 10,000 | D | |
| Common Stock | Jun 3, 2015 | F | 4,378 | $74.32 | D | 5,622 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Employee Director Stock Option (Right to Buy)F2 | $32.54 | Jun 3, 2015 | M | 10,000 | D | — | Jul 9, 2015 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. Mr. Boor received 5,622 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. Mr. Boor forfeited 4,378 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on June 2, 2015 of $74.32
- F2This option vested 25% on each of the following dates: July 9, 2008; July 9, 2009; July 9, 2010; and July 9, 2011.