Lott Charles E 4
4 · CAVCO INDUSTRIES INC · Filed Feb 22, 2018
Insider Transaction Report
Form 4
Lott Charles E
See remarks
Transactions
- Exercise/Conversion
Common Stock
2018-02-22$79.26/sh+2,250$178,335→ 6,250 total - Tax Payment
Common Stock
2018-02-22$167.80/sh−2,495$418,661→ 3,755 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
2018-02-22−2,250→ 750 totalExercise: $79.26Exp: 2021-07-22→ Common Stock (2,250 underlying) - Exercise/Conversion
Common Stock
2018-02-22$52.96/sh+2,000$105,920→ 4,000 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
2018-02-22−2,000→ 0 totalExercise: $52.96Exp: 2020-07-11→ Common Stock (2,000 underlying)
Footnotes (3)
- [F1]Represents a "net exercise" of outstanding stock options. Mr. Lott received 1,755 shares of common stock on a net exercise of options to purchase 4,250 shares of common stock. Mr. Lott forfeited 2,495 shares of common stock underlying the option in payment of the exercise price and required tax withholding, using the closing stock price on February 21, 2018 of $167.80.
- [F2]These options vested in equal amounts on July 11, 2016 and July 11, 2017, respectively.
- [F3]These options vested in equal amounts on July 22, 2015, July 22, 2016, and July 22, 2017 respectively. 750 remaining shares will vest on July 22, 2018.