SEC Form 4 · accession 0000278166-17-000046
CAVCO INDUSTRIES, INC. · CVCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A. Greenblatt
Director
Period of report
Sep 19, 2017
Accepted (ET)
Sep 20, 2017 · 7:47 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 19, 2017 | M | 3,000 | $37.90 | A | 10,175 | D | |
| Common Stock | Sep 19, 2017 | F | 806 | $141.00 | D | 9,369 | D | |
| Common Stock | Sep 20, 2017 | M | 3,000 | $33.03 | A | 12,369 | D | |
| Common StockF2 | Sep 20, 2017 | S | 3,000 | $136.6811 | D | 9,369 | 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 | $37.90 | Sep 19, 2017 | M | 3,000 | D | — | Oct 21, 2018 | Common Stock | 3,000 | 0 | D |
| Non-Employee Director Stock Option (Right to Buy)F4 | $33.03 | Sep 20, 2017 | M | 3,000 | D | — | Oct 21, 2017 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. Mr. Greenblatt received 2,194 shares of common stock on a net exercise of option to purchase 3,000 shares of common stock. Mr. Greenblatt forfeited 806 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on September 18, 2017 of $141.00.
- F2The Price in Column 4 is a weighted average price.
- F3The option vested in two equal installments beginning on October 21, 2011.
- F4The option vested in two equal installments beginning on October 21, 2010.