SEC Form 4 · accession 0000278166-15-000056
CAVCO INDUSTRIES, INC. · CVCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack Hanna
Director
Period of report
Sep 9, 2015
Accepted (ET)
Sep 10, 2015 · 7:28 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 | Sep 9, 2015 | M | 2,500 | $34.00 | A | 2,500 | D | |
| Common Stock | Sep 9, 2015 | F | 1,157 | $73.43 | D | 1,343 | 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 | $34.00 | Sep 9, 2015 | M | 2,500 | D | — | Sep 22, 2015 | Common Stock | 2,500 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of an outstanding stock option grant. Mr. Hanna received 1,343 shares of common stock on a net exercise of his option to purchase 2,500 shares of common stock. Mr. Hanna forfeited 1,157 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on September 8, 2015 of $73.43.
- F2The option vested 25% on each of the following dates: September 22, 2008; September 22, 2009; September 22, 2010; and September 22, 2011.