DAVEY TREE EXPERT CO 4
4 · DAVEY TREE EXPERT CO · Filed Mar 11, 2014
Insider Transaction Report
Form 4
RAMSEY RICHARD A
VP/GM Canadian Operations
Transactions
- Award
Common Stock
2014-03-07+896→ 146,826 total - Award
Stock Appreciation Rights (2014)
2014-03-07+2,500→ 2,500 totalExercise: $26.40From: 2015-03-07Exp: 2023-12-31→ Common Stock (2,500 underlying)
Holdings
- 48,860.887(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Upon the achievement of certain performance criteria, performance restricted stock units (PRSUs) were granted pursuant to the Company's performance restricted stock unit program, are payable in common shares, will be fully vested on the earlier of (a) the fifth anniversary of the grant date (the transaction date herein), (b) retirement (provided that the participant has attained the age of 55 years and has had at least five years of service with the Company), (c) total or permanent disability or death, or (d) certain events of termination, and will be paid no later than March 15 following the year in which the participant retires.
- [F2]This total reflects routine accumulation of 48,860.8865 common shares acquired through the Company's 401(k) benefit plan as of March 7, 2014, based on internal records.
- [F3]Stock Appreciation Rights become exercisable in five equal annual installments beginning on the first anniversary of the grant date.