CAVCO INDUSTRIES INC 4
4 · CAVCO INDUSTRIES INC · Filed Nov 3, 2015
Insider Transaction Report
Form 4
Lott Charles E
See remarks
Transactions
- Tax Payment
Common Stock
2015-11-02$98.60/sh−6,484$639,322→ 3,516 total - Exercise/Conversion
Common Stock
2015-11-02$45.00/sh+8,000$360,000→ 8,000 total - Exercise/Conversion
Common Stock
2015-11-02$52.96/sh+2,000$105,920→ 10,000 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
2015-11-02−2,000→ 2,000 totalExercise: $52.96Exp: 2020-07-11→ Common Stock (2,000 underlying) - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
2015-11-02−8,000→ 8,000 totalExercise: $45.00Exp: 2018-06-30→ Common Stock (8,000 underlying)
Footnotes (3)
- [F1]Represents a "net exercise" of outstanding stock options. Mr. Lott received 3,516 shares of common stock on a net exercise of option to purchase 10,000 shares of common stock. Mr. Lott forfeited 6,484 shares of common stock underlying the option in payment of the exercise price and required tax withholding using the closing stock price on October 30, 2015 of $98.60.
- [F2]This option vested 25% on each of the following dates: June 30, 2012; June 30, 2013; June 30, 2014; and June 30, 2015.
- [F3]Mr. Lott exercised the portion of the option that vested 25% on July 11, 2014 and 25% on July 11, 2015. The 2,000 remaining shares will vest 25% on July 11, 2016 and 25% on July 11, 2017.