CAVCO INDUSTRIES INC 4
4 · CAVCO INDUSTRIES INC · Filed Jun 24, 2016
Insider Transaction Report
Form 4
STEGMAYER JOSEPH H
DirectorChairman, CEO & President
Transactions
- Tax Payment
Common Stock
2016-06-24$92.32/sh−48,739$4,499,584→ 533,689 total - Exercise/Conversion
Common Stock
2016-06-24$25.33/sh+80,000$2,026,400→ 582,428 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
2016-06-24+80,000→ 80,000 totalExercise: $25.33Exp: 2016-06-30→ Common Stock (80,000 underlying)
Footnotes (2)
- [F1]Represents a "net exercise" of outstanding stock options. Mr. Stegmayer received 31,261 shares of common stock on a net exercise of option to purchase 80,000 shares of common stock. Mr. Stegmayer forfeited 48,739 shares of common stock underlying the option in payment of the exercise price and tax withholding requirements, using the closing stock price on June 23, 2016 of $92.32
- [F2]This option vested 10% on June 30, 2011; 30% on June 30, 2012; 30% on June 30, 2013; and June 30, 2014.