SEC Form 4 · accession 0000899243-17-029721
CORVEL CORP · CRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard J Schweppe
Officer — Chief Financial Officer
Period of report
Dec 27, 2017
Accepted (ET)
Dec 29, 2017 · 3:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000874866
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 27, 2017 | M | 1,200 | $24.24 | A | 1,640 | D | |
| Common Stock | Dec 27, 2017 | F | 543 | $53.55 | D | 1,097 | D | |
| Common Stock | Dec 27, 2017 | F | 246 | $53.55 | D | 851 | D | |
| Common Stock | Dec 27, 2017 | M | 1,000 | $23.10 | A | 1,851 | D | |
| Common Stock | Dec 27, 2017 | F | 431 | $53.55 | D | 1,420 | D | |
| Common Stock | Dec 27, 2017 | F | 214 | $53.55 | D | 1,206 | D | |
| Common Stock | holding | — | — | — | 4,000 | I | by Family Trust | |
| Common Stock | holding | — | — | — | 2,000 | I | by IRA |
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 | $23.10 | Dec 27, 2017 | M | 1,000 | D | — | May 2, 2018 | Common Stock | 1,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F3 | $24.24 | Dec 27, 2017 | M | 1,200 | D | — | Mar 1, 2018 | Common Stock | 1,200 | 0 | D |
Explanation of responses
- F1Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise.
- F2Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.
- F3Option will vest based on achievement of certain performance criteria relating to earnings growth.