STEGMAYER JOSEPH H 4
4 · CAVCO INDUSTRIES INC · Filed Jun 13, 2018
Insider Transaction Report
Form 4
STEGMAYER JOSEPH H
DirectorChairman, CEO & President
Transactions
- Tax Payment
Common Stock
2018-06-13$219.40/sh−12,996$2,851,322→ 529,141 total - Exercise/Conversion
Common Stock
2018-06-13$45.00/sh+22,500$1,012,500→ 542,137 total - Exercise/Conversion
Non-Qualified Stock Option (Right to Buy)
2018-06-13−22,500→ 0 totalExercise: $45.00Exp: 2018-06-30→ Common Stock (22,500 underlying)
Footnotes (2)
- [F1]Represents a "net exercise" of outstanding stock options. Mr. Stegmayer received 9,504 shares of common stock on a net exercise of option to purchase 22,500 shares of common stock. Mr. Stegmayer forfeited 12,996 shares of common stock underlying the option in payment of the exercise price and tax withholding requirements, using the closing stock price on June 12, 2018 of $219.40.
- [F2]Shares vested 25% on the first anniversary of the grant date and 25% on each anniversary thereafter until fully vested.