Dan A. Joy - May 13, 2022 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Role
Ex VP Comm Lndsp/Op Supp Srvcs
Signature
/s/Dan A. Joy/Christopher J. Bast, By Power of Attorney
Stock symbol
NONE
Transactions as of
May 13, 2022
Transactions value $
-$123,480
Form type
4
Date filed
5/16/2022, 11:18 AM
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 Sale -$47.8K -2.64K -2.25% $18.10* 115K May 13, 2022 Direct
transaction NONE Common Stock Options Exercise $15.1K +2K +1.74% $7.53* 117K May 13, 2022 Direct
transaction NONE Common Stock Options Exercise $32.7K +4K +3.42% $8.18* 121K May 13, 2022 Direct
transaction NONE Common Stock Options Exercise $27.8K +4.8K +3.97% $5.80* 126K May 13, 2022 Direct F1
transaction NONE Common Stock Options Exercise $0 -1.54K -1.22% $0.00 124K May 13, 2022 Direct F2
transaction NONE Common Stock Options Exercise $0 -990 -0.8% $0.00 123K May 13, 2022 Direct F3
transaction NONE Common Stock Sale -$151K -8.36K -6.79% $18.10* 115K May 13, 2022 Direct
holding NONE Common Stock 8K May 13, 2022 By Sons
holding NONE Common Stock 182K May 13, 2022 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 -2K -100% $0.00* 0 May 13, 2022 Common Stock 2K $7.53 Direct F5
transaction NONE Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4K -100% $0.00* 0 May 13, 2022 Common Stock 4K $8.18 Direct F6
transaction NONE Stock Appreciation Rights (2013) Options Exercise $0 -4.8K -100% $0.00* 0 May 13, 2022 Common Stock 4.8K $5.80 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise of SARs.
F2 Deemed disposition back to the company upon exercise of Stock Settled Appreciation Rights (SARs).
F3 Payment of taxes in connection with SARs pay-out.
F4 This total reflects routine accumulation of 181,735.9465 common shares acquired through the Company's 401(K) benefit plan as of May 13, 2022, based on internal records.
F5 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 29, 2016.
F6 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 28, 2017.
F7 These stock appreciation rights become exercisable in five equal annual installments beginning on the first anniversary of the grant date.