James F. Stief - May 7, 2021 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Role
Exec VP, U.S. Residential Ops
Signature
/s/James F. Stief/Christopher J. Bast, by Power of Attorney
Stock symbol
NONE
Transactions as of
May 7, 2021
Transactions value $
$69,592
Form type
4
Date filed
5/7/2021, 12:31 PM
Next filing
Jul 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Options Exercise $69.6K +6K +2.44% $11.60* 252K May 7, 2021 Direct F1
transaction NONE Common Stock Options Exercise $37.3K +2.48K +0.99% $15.05* 254K May 7, 2021 Direct F2
transaction NONE Common Stock Options Exercise $81.1K +4.96K +1.95% $16.35* 259K May 7, 2021 Direct F2
transaction NONE Common Stock Options Exercise $52.4K +2.98K +1.15% $17.60* 262K May 7, 2021 Direct F2
transaction NONE Common Stock Options Exercise $58.5K +3.06K +1.17% $19.10* 265K May 7, 2021 Direct F2
transaction NONE Common Stock Disposed to Issuer -$229K -7.64K -2.88% $30.00* 258K May 7, 2021 Direct F2
transaction NONE Common Stock Tax liability $0 -2.69K -1.04% $0.00 255K May 7, 2021 Direct F3
holding NONE Common Stock 16 May 7, 2021 By Son
holding NONE Common Stock 53.8K May 7, 2021 By 401(k) Plan F4

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 Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -6K -100% $0.00* 0 May 7, 2021 Common Stock 6K $11.60 Direct F1
transaction NONE Stock Appreciation Rights (2015) Options Exercise $0 -2.48K -100% $0.00* 0 May 7, 2021 Common Stock 2.48K $15.05 Direct
transaction NONE Stock Appreciation Rights (2016) Options Exercise $0 -4.96K -100% $0.00* 0 May 7, 2021 Common Stock 4.96K $16.35 Direct
transaction NONE Stock Appreciation Rights (2017) Options Exercise $0 -2.98K -80% $0.00 744 May 7, 2021 Common Stock 2.98K $17.60 Direct
transaction NONE Stock Appreciation Rights Options Exercise $0 -3.06K -60% $0.00 2.04K May 7, 2021 Common Stock 3.06K $19.10 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 24, 2014.
F2 Stock Appreciation Rights (SARs)become exercisable in five equal annual installments beginning on the first anniversary of the grant date.
F3 Payment of taxes in connection with SARs pay-out.
F4 This total reflects routine accumulation of 53,763.1967 common shares acquired through the Company's 401(K) benefit plan as of May 7, 2021, based on internal records.