SEC Form 4 · accession 0000278166-16-000088
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
Mar 30, 2016
Accepted (ET)
Apr 1, 2016 · 7:14 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 | Mar 30, 2016 | M | 19,000 | $25.33 | A | 24,507 | D | |
| Common Stock | Mar 30, 2016 | F | 10,144 | $92.52 | D | 14,363 | 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 | $25.33 | Mar 30, 2016 | M | 19,000 | A | — | Jun 30, 2016 | Common Stock | 19,000 | 19,000 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. Mr. Urness received 8,856 shares of common stock on a net exercise of option to purchase 19,000 shares of common stock. Mr. Urness forfeited 10,144 shares of common stock underlying the option in payment of the exercise price and tax withholding requirements, using the closing stock price on March 29, 2016 of $92.52.
- F2This option vested 10% on June 30, 2011; 30% on June 30, 2012; 30% on June 30, 2013; and 30% on June 30, 2014.