SEC Form 4 · accession 0000278166-18-000050
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
Aug 27, 2018
Accepted (ET)
Aug 27, 2018 · 8:04 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 27, 2018 | M | 750 | $79.26 | A | 4,505 | D | |
| Common Stock | Aug 27, 2018 | F | 473 | $242.80 | D | 4,032 | D | |
| Common Stock | Aug 27, 2018 | S | 2,000 | $244.60 | D | 2,032 | 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 | $79.26 | Aug 27, 2018 | M | 750 | D | — | Jul 22, 2021 | Common Stock | 750 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. Mr. Lott received 277 shares of common stock on a net exercise of option to purchase 750 shares of common stock. Mr. Lott forfeited 473 shares of common stock underlying the option in payment of the exercise price and required tax withholding, using the closing stock price on August 24, 2018 of $242.80.
- F2This option vested in equal amounts on July 22, 2015, July 22, 2016, July 22, 2017, and July 22, 2018.