CAVCO INDUSTRIES, INC. — Director's Dealing 2018

Jun 7, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAVCO INDUSTRIES INC (CVCO)
CIK: 0000278166
Period of Report: 2018-06-07

Reporting Person: Urness Daniel L (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-07	Common Stock	M	5600	$45	Acquired	21836	Direct
2018-06-07	Common Stock	F	2768	$220.80	Disposed	19068	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-07	Non-Qualified Stock Option (Right to Buy)	$45.0	M	5600	Disposed	2018-06-30	Common Stock (5600.0)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. Mr. Urness received 2,832 shares of common stock on a net exercise of option to purchase 5,600 shares of common stock. Mr. Urness forfeited 2,768 shares of common stock underlying the option in payment of the exercise price and mandatory tax withholding requirements, using the closing stock price on June 6, 2018 of $220.80.

F2: Shares vested 25% on the first anniversary of the grant date and 25% on each anniversary thereafter until fully vested.