SEC Form 4 · accession 0001702523-17-000008
CORVEL CORP · CRVL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Saverien
Officer — Exec. VP, Risk Mgmt. Services
Period of report
Aug 14, 2017
Accepted (ET)
Aug 16, 2017 · 1:49 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 | Aug 14, 2017 | M | 600 | $22.98 | A | 2,980 | D | |
| Common Stock | Aug 14, 2017 | F | 275 | $50.10 | D | 2,705 | D | |
| Common Stock | Aug 14, 2017 | F | 119 | $50.10 | D | 2,586 | 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 | $22.98 | Aug 14, 2017 | M | 600 | D | — | Feb 7, 2018 | Common Stock | 600 | 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.