Patrick M. Covey - Mar 31, 2022 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Role
Chairman, President & CEO, Director
Signature
/s/Patrick M. Covey/Christopher J. Bast, by Power of Attorney
Stock symbol
NONE
Transactions as of
Mar 31, 2022
Transactions value $
$65,991
Form type
4
Date filed
4/1/2022, 01:20 PM
Previous filing
Mar 7, 2022
Next filing
Jul 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Options Exercise $138K +28K +7.44% $4.93 404K Mar 31, 2022 Direct F1
transaction NONE Common Stock Disposed to Issuer -$138K -7.63K -1.89% $18.10 397K Mar 31, 2022 Direct F1
transaction NONE Common Stock Options Exercise $66K +10K +2.52% $6.60 407K Mar 31, 2022 Direct
holding NONE Common Stock 500 Mar 31, 2022 By son
holding NONE Common Stock 500 Mar 31, 2022 By son
holding NONE Common Stock 26.3K Mar 31, 2022 By 401(k) Plan F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NONE Stock Appreciation Rights Options Exercise $0 -28K -100% $0.00* 0 Mar 31, 2022 Common Stock 28K $4.93 Direct F1
transaction NONE Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -10K -50% $0.00 10K Mar 31, 2022 Common Stock 10K $6.60 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to their terms, Stock Appreciation Rights (SARs) were automatically exercised on March 7, 2022, which was the tenth anniversary of the grant date. March 31, 2022 is the earliest date on which the Company was able to complete SARs calculations, based on the availability of its stock price valuation.
F2 This total reflects routine accumulation of 26,314.8543 common shares acquired through the Company's 401(K) benefit plan as of March 31, 2022, based on internal records.
F3 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 30, 2015.