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CORVEL CORP — Director's Dealing 2014
Mar 12, 2014
31179_dirs_2014-03-12_713d6441-1557-4a73-8d5f-86b082ea0437.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CORVEL CORP (CRVL)
CIK: 0000874866
Period of Report: 2014-03-10
Reporting Person: CLEMONS V GORDON (Director, Chairman of the Board)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-03-10 | Common Stock | M | 833 | $18.28 | Acquired | 1773463 | Direct |
| 2014-03-10 | Common Stock | F | 310 | $49.1 | Disposed | 1773153 | Direct |
| 2014-03-10 | Common Stock | F | 209 | $49.1 | Disposed | 1772944 | Direct |
| 2014-03-10 | Common Stock | M | 15633 | $17.6 | Acquired | 1788577 | Direct |
| 2014-03-10 | Common Stock | F | 5603 | $49.1 | Disposed | 1782974 | Direct |
| 2014-03-10 | Common Stock | F | 3522 | $49.1 | Disposed | 1779452 | Direct |
| 2014-03-10 | Common Stock | M | 6458 | $21.87 | Acquired | 1785910 | Direct |
| 2014-03-10 | Common Stock | F | 2876 | $49.1 | Disposed | 1783034 | Direct |
| 2014-03-10 | Common Stock | F | 1229 | $49.1 | Disposed | 1781805 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-03-10 | Non-Qualified Stock Option (right to buy) | $17.6 | M | 15633 | Disposed | 2015-07-07 | Common Stock (15633) | Direct |
| 2014-03-10 | Non-Qualified Stock Option (right to buy) | $18.28 | M | 833 | Disposed | 2015-05-14 | Common Stock (833) | Direct |
| 2014-03-10 | Non-Qualified Stock Option (right to buy) | $21.87 | M | 6458 | Disposed | 2016-08-04 | Common Stock (6458) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 168751 | Indirect |
Footnotes
F1: Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise.
F2: The shares were gifted on December 28, 2012 when the Clemons Management LLC transferred pecuniary interest in the shares in the form of economic units of the LLC without consideration to two irrevocable trusts each established for the adult children of the reporting person and his spouse who still retain investment and voting control over the shares. However, the reporting person and his spouse disclaim beneficial ownership over such shares except to the extent of their pecuniary interest therein.
F3: Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.