SEC Form 4 · accession 0000278166-17-000010
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
Apr 12, 2017
Accepted (ET)
Apr 14, 2017 · 7:01 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 | Apr 12, 2017 | M | 7,000 | $36.02 | A | 20,778 | D | |
| Common Stock | Apr 12, 2017 | F | 4,096 | $116.85 | D | 16,682 | 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 | $36.02 | Apr 12, 2017 | M | 7,000 | A | — | May 21, 2017 | Common Stock | 7,000 | 7,000 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. Mr. Urness received 2,904 shares of common stock on a net exercise of option to purchase 7,000 shares of common stock. Mr. Urness forfeited 4,096 shares of common stock underlying the option in payment of the exercise price and tax withholding requirements, using the closing stock price on April 11, 2017 of $116.85
- F2This option vested 25% on each of the following dates: May 21, 2011; May 21, 2012; May 21, 2013; and May 21, 2014.