CAVCO INDUSTRIES, INC. — Director's Dealing 2014

May 2, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAVCO INDUSTRIES INC (CVCO)
CIK: 0000278166
Period of Report: 2014-04-30

Reporting Person: Urness Daniel L (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-30	Common Stock	M	5000	$38.16	Acquired	5000	Direct
2014-04-30	Common Stock	S	3225	—	Disposed	1775	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-04-30	Non-Qualified Stock Option (Right to Buy)	$38.16	M	5000	Disposed	2014-06-01	Common Stock (5000.0)	Direct

Footnotes

F1: Shares sold at prices ranging from $77.206 to $77.630. All proceeds of the sale were used to purchase the 1,775 remaining shares from the option grant and to satisfy tax withholding obligations.

F2: This option vested 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.