SEC Form 4 · accession 0000278166-18-000006
CAVCO INDUSTRIES, INC. · CVCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles E Lott
Officer — President, Fleetwood Homes
Period of report
Feb 22, 2018
Accepted (ET)
Feb 22, 2018 · 7:13 pm EST
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 | Feb 22, 2018 | M | 2,000 | $52.96 | A | 4,000 | D | |
| Common Stock | Feb 22, 2018 | M | 2,250 | $79.26 | A | 6,250 | D | |
| Common Stock | Feb 22, 2018 | F | 2,495 | $167.80 | D | 3,755 | 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 | $52.96 | Feb 22, 2018 | M | 2,000 | D | — | Jul 11, 2020 | Common Stock | 2,000 | 0 | D |
| Non-Qualified Stock Option (Right to Buy)F3 | $79.26 | Feb 22, 2018 | M | 2,250 | D | — | Jul 22, 2021 | Common Stock | 2,250 | 750 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. Mr. Lott received 1,755 shares of common stock on a net exercise of options to purchase 4,250 shares of common stock. Mr. Lott forfeited 2,495 shares of common stock underlying the option in payment of the exercise price and required tax withholding, using the closing stock price on February 21, 2018 of $167.80.
- F2These options vested in equal amounts on July 11, 2016 and July 11, 2017, respectively.
- F3These options vested in equal amounts on July 22, 2015, July 22, 2016, and July 22, 2017 respectively. 750 remaining shares will vest on July 22, 2018.