SEC Form 4 · accession 0000278166-18-000048
CAVCO INDUSTRIES, INC. · CVCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack Hanna
Director
Period of report
Aug 23, 2018
Accepted (ET)
Aug 24, 2018 · 7:44 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 | Aug 23, 2018 | M | 3,000 | $34.45 | A | 5,281 | D | |
| Common Stock | Aug 23, 2018 | F | 430 | $239.85 | D | 4,851 | 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 | $34.45 | Aug 23, 2018 | M | 3,000 | D | — | Sep 22, 2018 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. Mr. Hanna received 2,570 shares of common stock on a net exercise of option to purchase 3,000 shares of common stock. Mr. Hanna forfeited 430 shares of common stock underlying the option in payment of the exercise price and tax withholding requirements, using the closing stock price on August 22, 2018 of $239.85.
- F2This option vested 50% on each of the following dates: September 22, 2011 and September 22, 2012.