DAVEY TREE EXPERT CO 4
4 · DAVEY TREE EXPERT CO · Filed Mar 10, 2015
Insider Transaction Report
Form 4
RAMSEY RICHARD A
VP/GM Canadian Operations
Transactions
- Award
Stock Appreciation Rights (2015)
2015-03-06+2,500→ 2,500 totalExercise: $30.10From: 2016-03-06Exp: 2024-12-31→ Common Stock (2,500 underlying) - Award
Common Stock
2015-03-06+893→ 141,296 total
Holdings
- 49,371.597(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 49,371.5973 common shares acquired through the Company's 401(K) benefit plan as of March 6, 2015, based on internal records.
- [F3]These stock appreciation rights become exercisable in five equal annual installments beginning on the first anniversary of the grant date.