CAVCO INDUSTRIES, INC. — Director's Dealing 2021

Feb 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CAVCO INDUSTRIES INC. (CVCO)
CIK: 0000278166
Period of Report: 2021-02-19

Reporting Person: Urness Daniel L (EVP, CFO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-19	Common Stock	M	4000	$79.26	Acquired	27773	Direct
2021-02-19	Common Stock	M	4500	$75.90	Acquired	32273	Direct
2021-02-19	Common Stock	M	3600	$99.96	Acquired	35873	Direct
2021-02-19	Common Stock	M	2450	$129.55	Acquired	38323	Direct
2021-02-19	Common Stock	M	7016	$125.69	Acquired	45339	Direct
2021-02-19	Common Stock	M	2826	$158.36	Acquired	48165	Direct
2021-02-19	Common Stock	F	17657	$214.43	Disposed	30508	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-19	Non-Qualified Stock Option (Right to Buy)	$79.26	M	4000	Disposed	2021-07-22	Common Stock (4000.0)	Direct
2021-02-19	Non-Qualified Stock Option (Right to Buy)	$75.9	M	4500	Disposed	2022-07-09	Common Stock (4500.0)	Direct
2021-02-19	Non-Qualified Stock Option (Right to Buy)	$99.96	M	3600	Disposed	2023-07-13	Common Stock (3600.0)	Direct
2021-02-19	Non-Qualified Stock Option (Right to Buy)	$129.55	M	2450	Disposed	2024-07-18	Common Stock (2450.0)	Direct
2021-02-19	Non-Qualified Stock Option (Right to Buy)	$125.69	M	7016	Disposed	2026-04-15	Common Stock (7016.0)	Direct
2021-02-19	Non-Qualified Stock Option (Right to Buy)	$158.36	M	2826	Disposed	2026-06-21	Common Stock (2826.0)	Direct

Footnotes

F1: Surrender of shares for payment of option exercise price and tax withholding.

F2: The option was fully exercisable on 7/22/2018.

F3: The option was fully exercisable on 7/9/2019.

F4: The option was fully exercisable on 7/13/2020.

F5: 50% of the unvested portion of the option immediately vested on 2/19/2021 pursuant to the Reporting Person's Separation Agreement with the Issuer.

F6: 1,400 options were exercisable on 7/18/2020.

F7: 3,482 options were exercisable on 4/15/2020.

F8: 1,402 options were exercisable on 6/21/2020.