CORVEL CORP 4
4 · CORVEL CORP · Filed Mar 7, 2014
Insider Transaction Report
Form 4
CORVEL CORPCRVL
McCloud Scott R
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2014-03-05$14.46/sh+2,400$34,704→ 15,158 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2014-03-05−2,400→ 9,600 totalExercise: $14.46Exp: 2014-11-02→ Common Stock (2,400 underlying) - Sale
Common Stock
2014-03-05$47.83/sh−562$26,878→ 12,758 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2014-03-05−562→ 563 totalExercise: $12.71Exp: 2014-08-06→ Common Stock (562 underlying) - Exercise/Conversion
Common Stock
2014-03-05$12.71/sh+562$7,143→ 13,320 total - Sale
Common Stock
2014-03-05$47.88/sh−2,400$114,904→ 12,758 total
Holdings
- 1,342(indirect: By Spouse)
Common Stock
Footnotes (6)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.68 to $48.27, inclusive. The reporting person undertakes to provide to CorVel Corporation, any security holder of CorVel Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) of this Form 4.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.68 to $48.18, inclusive.
- [F3]Shares acquired under the Issuer's Employee Stock Purchase Plan in a transaction exempt under SEC Rule 16b-3 (c)
- [F4]Denise McCloud, former employee of CorVel Corporation and the spouse of Mr. McCloud, acquired shares through Company's Employee Stock Purchase Plan. Mr. McCloud is reporting the indirect ownership of the shares held by Denise McCloud.
- [F5]Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.
- [F6]Option will vest based on achievement of certain performance criteria relating to earnings growth.