SEC Form 4 · accession 0000278166-15-000033
CAVCO INDUSTRIES, INC. · CVCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel L Urness
Officer — Chief Financial Officer
Period of report
Jun 29, 2015
Accepted (ET)
Jul 1, 2015 · 8:50 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 StockF1 | Jun 29, 2015 | M | 4,029 | $32.00 | A | 6,084 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F2 | $32.00 | Jun 29, 2015 | M | 10,000 | A | — | Jul 10, 2015 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. Mr. Urness received 4,029 shares of common stock on a net exercise of option to purchase 10,000 shares of common stock. Mr. Urness forfeited 5,971 shares of common stock underlying the option in payment of the exercise price and tax withholding requirements, using the closing stock price on June 29, 2015 of $76.66
- F2This option vested 20% on each of the following dates: July 10, 2009; July 10, 2010; July 10, 2011; July 10, 2012; and July 10, 2013.