CAVCO INDUSTRIES, INC. — Director's Dealing 2015

Jul 1, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAVCO INDUSTRIES INC (CVCO)
CIK: 0000278166
Period of Report: 2015-06-29

Reporting Person: Urness Daniel L (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-29	Common Stock	M	4029	$32	Acquired	6084	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-29	Non-Qualified Stock Option (Right to Buy)	$32.0	M	10000	Acquired	2015-07-10	Common Stock (10000.0)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. Mr. Urness received 4,029 shares of common stock on a net exercise of option to purchase 10,000 shares of common stock. Mr. Urness forfeited 5,971 shares of common stock underlying the option in payment of the exercise price and tax withholding requirements, using the closing stock price on June 29, 2015 of $76.66

F2: This option vested 20% on each of the following dates: July 10, 2009; July 10, 2010; July 10, 2011; July 10, 2012; and July 10, 2013.