CAVCO INDUSTRIES INC 4
4 · CAVCO INDUSTRIES INC · Filed May 19, 2017
Insider Transaction Report
Form 4
STEGMAYER JOSEPH H
DirectorChairman, CEO & President
Transactions
- Exercise/Conversion
Common Stock
2017-05-17$36.02/sh+46,500$1,674,930→ 555,189 total - Tax Payment
Common Stock
2017-05-17$116.85/sh−28,552$3,336,301→ 526,637 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
2017-05-17+46,500→ 46,500 totalExercise: $36.02Exp: 2017-05-21→ Common Stock (46,500 underlying)
Footnotes (2)
- [F1]Represents a "net exercise" of outstanding stock options. Mr. Stegmayer received 17,948 shares of common stock on a net exercise of option to purchase 46,500 shares of common stock. Mr. Stegmayer forfeited 28,552 shares of common stock underlying the option in payment of the exercise price and tax withholding requirements, using the closing stock price on May 16, 2017 of $116.85
- [F2]This option vested 25% on each of the following dates: May 21, 2011; May 21, 2012; May 21, 2013; and May 21, 2014.