SEC Form 4 · accession 0000946724-17-000016
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
Sep 27, 2017
Accepted (ET)
Sep 29, 2017 · 7:47 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 | Sep 27, 2017 | M | 46,000 | $23.10 | A | 1,775,670 | D | |
| Common Stock | Sep 27, 2017 | F | 19,337 | $54.95 | D | 1,756,333 | D | |
| Common Stock | Sep 27, 2017 | F | 9,278 | $54.95 | D | 1,747,055 | D | |
| Common Stock | Sep 29, 2017 | M | 46,000 | $23.10 | A | 1,793,055 | D | |
| Common Stock | Sep 29, 2017 | F | 19,533 | $54.40 | D | 1,773,522 | D | |
| Common Stock | Sep 29, 2017 | F | 9,210 | $54.40 | D | 1,764,312 | 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 | $23.10 | Sep 27, 2017 | M | 46,000 | D | — | May 2, 2018 | Common Stock | 46,000 | 46,000 | D |
| Non-Qualified Stock Option (right to buy)F2 | $23.10 | Sep 29, 2017 | M | 46,000 | D | — | May 2, 2018 | Common Stock | 46,000 | 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.