CAVCO INDUSTRIES, INC. — Director's Dealing 2016

Apr 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAVCO INDUSTRIES INC (CVCO)
CIK: 0000278166
Period of Report: 2016-03-30

Reporting Person: Urness Daniel L (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-30	Common Stock	M	19000	$25.33	Acquired	24507	Direct
2016-03-30	Common Stock	F	10144	$92.52	Disposed	14363	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-30	Non-Qualified Stock Option (Right to Buy)	$25.33	M	19000	Acquired	2016-06-30	Common Stock (19000.0)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. Mr. Urness received 8,856 shares of common stock on a net exercise of option to purchase 19,000 shares of common stock. Mr. Urness forfeited 10,144 shares of common stock underlying the option in payment of the exercise price and tax withholding requirements, using the closing stock price on March 29, 2016 of $92.52.

F2: This option vested 10% on June 30, 2011; 30% on June 30, 2012; 30% on June 30, 2013; and 30% on June 30, 2014.