CAVCO INDUSTRIES, INC. — Director's Dealing 2007

Jun 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAVCO INDUSTRIES INC (CVCO)
CIK: 0000278166
Period of Report: 2007-06-01

Reporting Person: Urness Daniel L (CFO, VP and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-01	Common Stock	A	786	—	Acquired	786	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-01	Non-Qualified Stock Option (Right to Buy)	$38.16	A	5000	Acquired	2014-06-01	Common Stock (5000)	Direct

Footnotes

F1: This award will vest 20% on 06/01/08, 20% on 06/01/09, 20% on 06/01/10 20% on 06/01/11, and 20% on 06/01/12.

F2: The option will vest 20% on 06/01/08, 20% on 06/01/09, 20% on 06/01/10 20% on 06/01/11, and 20% on 06/01/12.