CAVCO INDUSTRIES, INC. — Director's Dealing 2007

Nov 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAVCO INDUSTRIES INC (CVCO)
CIK: 0000278166
Period of Report: 2007-11-06

Reporting Person: HANNA JACK (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-06	Common Stock	M	2000	$11.55	Acquired	2000	Direct
2007-11-06	Common Stock	S	2000	$37.248	Disposed	0	Direct
2007-11-07	Common Stock	M	4500	$11.55	Acquired	4500	Direct
2007-11-07	Common Stock	M	3750	$24.18	Acquired	8250	Direct
2007-11-07	Common Stock	S	4500	$37.7134	Disposed	3750	Direct
2007-11-07	Common Stock	S	3750	$37.7134	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-06	Non-Employee Director Stock Option (Right to Buy)	$11.55	M	2000	Disposed	2010-12-12	Common Stock (2000)	Direct
2007-11-07	Non-Employee Director Stock Option (Right to Buy)	$11.55	M	4500	Disposed	2010-12-12	Common Stock (4500)	Direct
2007-11-07	Non-Employee Director Stock Option (Right to Buy)	$24.18	M	3750	Disposed	2012-03-31	Common Stock (3750)	Direct

Footnotes

F1: The option vested in four equal installments on December 12, 2003; December 12, 2004; December 12; 2005; and December 12, 2006.

F2: The option partially vested as follows: 1,250 shares on March 31, 2005; 1,250 shares on March 31, 2006; 1,250 shares on March 31, 2007. On March 31, 2008 1,250 shares will vest and become exercisable.