CAVCO INDUSTRIES INC 4
4 · CAVCO INDUSTRIES INC · Filed Sep 10, 2015
Insider Transaction Report
Form 4
HANNA JACK
Director
Transactions
- Tax Payment
Common Stock
2015-09-09$73.43/sh−1,157$84,959→ 1,343 total - Exercise/Conversion
Common Stock
2015-09-09$34.00/sh+2,500$85,000→ 2,500 total - Exercise/Conversion
Non-Employee Director Stock Option (Right to Buy)
2015-09-09−2,500→ 0 totalExercise: $34.00Exp: 2015-09-22→ Common Stock (2,500 underlying)
Footnotes (2)
- [F1]Represents a "net exercise" of an outstanding stock option grant. Mr. Hanna received 1,343 shares of common stock on a net exercise of his option to purchase 2,500 shares of common stock. Mr. Hanna forfeited 1,157 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on September 8, 2015 of $73.43.
- [F2]The option vested 25% on each of the following dates: September 22, 2008; September 22, 2009; September 22, 2010; and September 22, 2011.