SEC Form 4 · accession 0000278166-17-000044
CAVCO INDUSTRIES, INC. · CVCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack Hanna
Director
Period of report
Sep 14, 2017
Accepted (ET)
Sep 14, 2017 · 7:11 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 | Sep 14, 2017 | M | 3,000 | $32.35 | A | 5,464 | D | |
| Common Stock | Sep 14, 2017 | F | 719 | $134.95 | D | 4,745 | 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)F2 | $32.35 | Sep 14, 2017 | M | 3,000 | A | — | Sep 22, 2017 | Common Stock | 3,000 | 3,000 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. Mr. Hanna received 2,281 shares of common stock on a net exercise of option to purchase 3,000 shares of common stock. Mr. Hanna forfeited 719 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on September 13, 2017 of $134.95
- F2The option fully vested on September 22, 2011.