SEC Form 4 · accession 0000278166-17-000014
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
May 17, 2017
Accepted (ET)
May 19, 2017 · 5:50 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 | May 17, 2017 | M | 46,500 | $36.02 | A | 555,189 | D | |
| Common Stock | May 17, 2017 | F | 28,552 | $116.85 | D | 526,637 | 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 | May 17, 2017 | M | 46,500 | A | — | May 21, 2017 | Common Stock | 46,500 | 46,500 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. Mr. Stegmayer received 17,948 shares of common stock on a net exercise of option to purchase 46,500 shares of common stock. Mr. Stegmayer forfeited 28,552 shares of common stock underlying the option in payment of the exercise price and tax withholding requirements, using the closing stock price on May 16, 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.