SEC Form 4 · accession 0000946724-18-000033
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
Dec 17, 2018
Accepted (ET)
Dec 19, 2018 · 7:10 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 17, 2018 | M | 20,000 | $45.55 | A | 1,886,790 | D | |
| Common Stock | Dec 17, 2018 | F | 14,545 | $62.63 | D | 1,872,245 | D | |
| Common Stock | Dec 17, 2018 | F | 1,633 | $62.63 | D | 1,870,612 | D | |
| Common StockF2 | Dec 18, 2018 | S | 1,000 | $62.6822 | D | 1,869,612 | D | |
| Common StockF2 | Dec 19, 2018 | S | 1,000 | $62.4383 | D | 1,868,612 | 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)F3 | $45.55 | Dec 17, 2018 | M | 20,000 | D | — | Feb 6, 2019 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1Sales reported above were made pursuant to a Rule 10b5-1 trading plan adopted on December 6, 2018.
- F2The reported transaction was made by the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 purposes.
- F3Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.