CAVCO INDUSTRIES, INC. — Director's Dealing 2014

Feb 21, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAVCO INDUSTRIES INC (CVCO)
CIK: 0000278166
Period of Report: 2014-02-19

Reporting Person: BUNGER STEVEN G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-19	Common Stock	M	985	$37.89	Acquired	985	Direct
2014-02-19	Common Stock	S	985	$73.519	Disposed	0	Direct
2014-02-20	Common Stock	M	1515	$37.89	Acquired	1515	Direct
2014-02-20	Common Stock	S	1515	$73.50	Disposed	0	Direct
2014-02-21	Common Stock	M	2500	$39.95	Acquired	2500	Direct
2014-02-21	Common Stock	S	2500	$73.51	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-19	Non-Employee Director Stock Option (Right to Buy)	$37.89	M	2500	Disposed	2014-04-28	Common Stock (2500.0)	Direct
2014-02-21	Non-Employee Director Stock Option (Right to Buy)	$39.95	M	2500	Disposed	2015-04-28	Common Stock (2500.0)	Direct

Footnotes

F1: Transactions occurred between 2/19/2014 and 2/20/2014.

F2: Shares vested as follows: 25% on grant date and 25% on the anniversary date of the grant for the next three years.