CAVCO INDUSTRIES, INC. — Director's Dealing 2018

Feb 22, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAVCO INDUSTRIES INC (CVCO)
CIK: 0000278166
Period of Report: 2018-02-22

Reporting Person: Lott Charles E (President, Fleetwood Homes)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-22	Common Stock	M	2000	$52.96	Acquired	4000	Direct
2018-02-22	Common Stock	M	2250	$79.26	Acquired	6250	Direct
2018-02-22	Common Stock	F	2495	$167.80	Disposed	3755	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-22	Non-Qualified Stock Option (Right to Buy)	$52.96	M	2000	Disposed	2020-07-11	Common Stock (2000.0)	Direct
2018-02-22	Non-Qualified Stock Option (Right to Buy)	$79.26	M	2250	Disposed	2021-07-22	Common Stock (2250.0)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. Mr. Lott received 1,755 shares of common stock on a net exercise of options to purchase 4,250 shares of common stock. Mr. Lott forfeited 2,495 shares of common stock underlying the option in payment of the exercise price and required tax withholding, using the closing stock price on February 21, 2018 of $167.80.

F2: These options vested in equal amounts on July 11, 2016 and July 11, 2017, respectively.

F3: These options vested in equal amounts on July 22, 2015, July 22, 2016, and July 22, 2017 respectively. 750 remaining shares will vest on July 22, 2018.