SEC Form 4 · accession 0000946724-15-000009
CORVEL CORP · CRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
V Gordon Clemons
Officer — Chairman of the Board · Director
Period of report
May 14, 2015
Accepted (ET)
May 18, 2015 · 4:19 pm EDT
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 | May 14, 2015 | M | 1,667 | $17.60 | A | 1,782,843 | D | |
| Common Stock | May 14, 2015 | F | 825 | $35.52 | D | 1,782,018 | D | |
| Common Stock | May 14, 2015 | F | 344 | $35.52 | D | 1,781,674 | D | |
| Common StockF2 | holding | — | — | — | 154,751 | I | by Corporation |
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)F3 | $17.60 | May 14, 2015 | M | 1,667 | D | — | Jul 7, 2015 | Common Stock | 1,667 | 0 | D |
Explanation of responses
- F1Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise.
- F2The form of ownership of CorVel stock held by the reporting person changed from Direct to Indirect when the shares were transferrred without consideration on December 20, 2012 to Clemons Management LLC. The reporting person and his spouse own Clemons Management LLC and therefore have investment and voting control over the shares of CorVel stock held by Clemons Management LLC.
- F3Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.