SEC Form 4 · accession 0000278166-18-000027
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
Jun 13, 2018
Accepted (ET)
Jun 13, 2018 · 5:32 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 | Jun 13, 2018 | M | 22,500 | $45.00 | A | 542,137 | D | |
| Common Stock | Jun 13, 2018 | F | 12,996 | $219.40 | D | 529,141 | 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 | $45.00 | Jun 13, 2018 | M | 22,500 | D | — | Jun 30, 2018 | Common Stock | 22,500 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. Mr. Stegmayer received 9,504 shares of common stock on a net exercise of option to purchase 22,500 shares of common stock. Mr. Stegmayer forfeited 12,996 shares of common stock underlying the option in payment of the exercise price and tax withholding requirements, using the closing stock price on June 12, 2018 of $219.40.
- F2Shares vested 25% on the first anniversary of the grant date and 25% on each anniversary thereafter until fully vested.