SEC Form 4 · accession 0000278166-16-000128
CAVCO INDUSTRIES, INC. · CVCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack Hanna
Director
Period of report
Mar 15, 2016
Accepted (ET)
Aug 30, 2016 · 6:02 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 | Mar 15, 2016 | S | 500 | $86.542 | D | 843 | D | |
| Common Stock | Aug 26, 2016 | M | 2,500 | $37.08 | A | 3,343 | D | |
| Common Stock | Aug 26, 2016 | F | 879 | $105.40 | D | 2,464 | 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)F3 | $37.08 | Aug 26, 2016 | M | 2,500 | D | — | Sep 22, 2016 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1The Price in Column 4 is a weighted average price.
- F2Represents a "net exercise" of outstanding stock options. Mr. Hanna received 1,621 shares of common stock on a net exercise of option to purchase 2,500 shares of common stock. Mr. Hanna forfeited 879 shares of common stock underlying the option in payment of the exercise price and tax withholding requirements, using the closing stock price on August 25, 2016 of $105.40.
- F3The option vested 25% on each of the following dates: September 22, 2009; September 22, 2010; September 22, 2011; and September 22, 2012.