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CAVCO INDUSTRIES, INC. — Director's Dealing 2015
Nov 3, 2015
31080_dirs_2015-11-03_4706d550-dfd7-4fb5-b98c-f483159c9a21.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CAVCO INDUSTRIES INC (CVCO)
CIK: 0000278166
Period of Report: 2015-11-02
Reporting Person: Lott Charles E (President, Fleetwood Homes)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-11-02 | Common Stock | M | 8000 | $45 | Acquired | 8000 | Direct |
| 2015-11-02 | Common Stock | M | 2000 | $52.96 | Acquired | 10000 | Direct |
| 2015-11-02 | Common Stock | F | 6484 | $98.60 | Disposed | 3516 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-11-02 | Non-Qualified Stock Option (Right to Buy) | $45.0 | M | 8000 | Disposed | 2018-06-30 | Common Stock (8000.0) | Direct |
| 2015-11-02 | Non-Qualified Stock Option (Right to Buy) | $52.96 | M | 2000 | Disposed | 2020-07-11 | Common Stock (2000.0) | Direct |
Footnotes
F1: Represents a "net exercise" of outstanding stock options. Mr. Lott received 3,516 shares of common stock on a net exercise of option to purchase 10,000 shares of common stock. Mr. Lott forfeited 6,484 shares of common stock underlying the option in payment of the exercise price and required tax withholding using the closing stock price on October 30, 2015 of $98.60.
F2: This option vested 25% on each of the following dates: June 30, 2012; June 30, 2013; June 30, 2014; and June 30, 2015.
F3: Mr. Lott exercised the portion of the option that vested 25% on July 11, 2014 and 25% on July 11, 2015. The 2,000 remaining shares will vest 25% on July 11, 2016 and 25% on July 11, 2017.