SEC Form 4 · accession 0001641248-16-000020
CORVEL CORP · CRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael G Combs
Officer — Chief Information Officer
Period of report
Jun 6, 2016
Accepted (ET)
Jun 8, 2016 · 6:33 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 | Jun 6, 2016 | M | 1,000 | $20.54 | A | 1,000 | D | |
| Common Stock | Jun 6, 2016 | S | 1,000 | $50.2619 | D | 0 | D | |
| Common Stock | Jun 6, 2016 | M | 1,478 | $24.24 | A | 1,478 | D | |
| Common Stock | Jun 6, 2016 | S | 1,478 | $50.2619 | D | 0 | D | |
| Common Stock | Jun 6, 2016 | M | 800 | $24.64 | A | 800 | D | |
| Common Stock | Jun 6, 2016 | S | 800 | $50.2619 | D | 0 | D | |
| Common Stock | Jun 6, 2016 | M | 800 | $26.38 | A | 800 | D | |
| Common Stock | Jun 6, 2016 | S | 800 | $50.2619 | D | 0 | D | |
| Common Stock | Jun 7, 2016 | M | 1,750 | $24.24 | A | 1,750 | D | |
| Common Stock | Jun 7, 2016 | S | 1,750 | $49.3152 | D | 0 | D | |
| Common Stock | Jun 8, 2016 | M | 1,572 | $24.24 | A | 1,572 | D | |
| Common Stock | Jun 8, 2016 | S | 1,572 | $49.3133 | D | 0 | 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)F1 | $20.54 | Jun 6, 2016 | M | 1,000 | D | — | Jun 1, 2017 | Common Stock | 1,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F2 | $24.24 | Jun 6, 2016 | M | 1,478 | D | — | Mar 1, 2018 | Common Stock | 1,478 | 6,522 | D |
| Non-Qualified Stock Option (right to buy)F2 | $24.24 | Jun 7, 2016 | M | 1,750 | D | — | Mar 1, 2018 | Common Stock | 1,750 | 4,772 | D |
| Non-Qualified Stock Option (right to buy)F2 | $24.24 | Jun 8, 2016 | M | 1,572 | D | — | Mar 1, 2018 | Common Stock | 1,572 | 3,200 | D |
| Non-Qualified Stock Option (right to buy)F1 | $24.64 | Jun 6, 2016 | M | 800 | D | — | Feb 2, 2017 | Common Stock | 800 | 0 | D |
| Non-Qualified Stock Option (right to buy)F1 | $26.38 | Jun 6, 2016 | M | 800 | D | — | Nov 3, 2016 | Common Stock | 800 | 0 | D |
Explanation of responses
- F1Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.
- F2Option will vest based on achievement of certain performance criteria relating to earnings growth.