SEC Form 4 · accession 0000278166-15-000060
CAVCO INDUSTRIES, INC. · CVCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A. Greenblatt
Director
Period of report
Oct 6, 2015
Accepted (ET)
Oct 7, 2015 · 1:22 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 | Oct 6, 2015 | M | 10,000 | $31.55 | A | 10,000 | D | |
| Common Stock | Oct 6, 2015 | F | 4,480 | $70.42 | D | 5,520 | 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 | $31.55 | Oct 6, 2015 | M | 10,000 | D | — | Oct 21, 2015 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. Mr. Greenblatt received 5,520 shares of common stock on a net exercise of option to purchase 10,000 shares of common stock. Mr. Greenblatt forfeited 4,480 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on October 6, 2015 of $70.42
- F2The option vested 25% on each of the following dates: October 21, 2008; October 21, 2009; October 21, 2010; and October 21, 2011.