SEC Form 4 · accession 0000278166-16-000109
CAVCO INDUSTRIES, INC. · CVCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph H Stegmayer
Officer — Chairman, CEO & President · Director
Period of report
Jun 24, 2016
Accepted (ET)
Jun 24, 2016 · 5:21 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 24, 2016 | M | 80,000 | $25.33 | A | 582,428 | D | |
| Common Stock | Jun 24, 2016 | F | 48,739 | $92.32 | D | 533,689 | 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 | Jun 24, 2016 | M | 80,000 | A | — | Jun 30, 2016 | Common Stock | 80,000 | 80,000 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. Mr. Stegmayer received 31,261 shares of common stock on a net exercise of option to purchase 80,000 shares of common stock. Mr. Stegmayer forfeited 48,739 shares of common stock underlying the option in payment of the exercise price and tax withholding requirements, using the closing stock price on June 23, 2016 of $92.32
- F2This option vested 10% on June 30, 2011; 30% on June 30, 2012; 30% on June 30, 2013; and June 30, 2014.