0001247539-17-000004.txt : 20170316 0001247539-17-000004.hdr.sgml : 20170316 20170316153732 ACCESSION NUMBER: 0001247539-17-000004 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170314 FILED AS OF DATE: 20170316 DATE AS OF CHANGE: 20170316 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DAVEY TREE EXPERT CO CENTRAL INDEX KEY: 0000277638 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE SERVICES [0700] IRS NUMBER: 340176110 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1500 N MANTUA ST STREET 2: P O BOX 5193 CITY: KENT STATE: OH ZIP: 44240-5193 BUSINESS PHONE: 3306739511 MAIL ADDRESS: STREET 1: 1500 NORTH MANTUA STREET STREET 2: P O BOX 5193 CITY: KENT STATE: OH ZIP: 44240-5193 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MARSHALL STEVEN A CENTRAL INDEX KEY: 0001247539 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-11917 FILM NUMBER: 17694270 MAIL ADDRESS: STREET 1: 1500 NORTH MANTUA STREET STREET 2: P O BOX 5193 CITY: KENT STATE: OH ZIP: 44240-5193 4 1 wf-form4_148969303726150.xml FORM 4 X0306 4 2017-03-14 0 0000277638 DAVEY TREE EXPERT CO NONE 0001247539 MARSHALL STEVEN A 1500 NORTH MANTUA STREET KENT OH 44240 0 1 0 0 Ex VP & Asst. to the President Common Stock 2017-03-14 4 A 0 876 35.20 A 52879 D Common Stock 2017-03-14 4 A 0 288 35.20 A 53167 D Common Stock 2017-03-14 4 M 0 1040 19.70 A 54207 D Common Stock 63124.0657 I By 401(k) Plan Stock Subscription Rights (Right to Buy) 19.7 2017-03-14 4 M 0 1040 0 A 2012-08-01 2019-07-31 Common Stock 1040.0 0 D Stock Appreciation Rights (2017) 35.2 2017-03-14 4 A 0 3100 0 A 2018-03-14 2026-12-31 Common Stock 3100.0 3100 D Upon the achievement of certain performance criteria, performance restricted stock units (PRSUs) were granted pursuant to the Company's performance restricted stock unit program, are payable in common shares, will be fully vested on the earlier of (a) the fifth anniversary of the grant date (the transaction date herein), (b) retirement (provided that the participant has attained the age of 55 years and has had at least five years of service with the Company), (c) total or permanent disability or death, or (d) certain events of termination, and will be paid no later than March 15 following the year in which the participant retires. Reflects common shares granted pursuant to the Company's Management Incentive Plan. Reflects exercise of stock subscription rights. The reported rights to purchase shares of the Company's common stock were acquired in the Company's stock subscription offering to employees and non-employee directors in accordance with the provisions of The Davey Tree Expert Company 2004 Omnibus Stock Plan (the "Plan"). All participants in the offering purchasing in excess of $5,000 of common stock were granted a "right" to purchase one additional share of common stock, at a price of $19.70 per share, for every three shares of common stock purchased under the Plan. Each "right" may be exercised at the rate of 1/7 per year beginning on August 1, 2012, expiring upon the earlier of termination of employment or July 31, 2019. Mr. Marshall's remaining rights to purchase 422 shares of the Company's common stock will be forfeited upon his retirement from the Company. This total reflects routine accumulation of 63,124.0657 common shares acquired through the Company's 401(K) benefit plan as of March 14, 2017, based on internal records. The number of shares in the reporting person's 401(K) plan account has decreased due to administrative fees withheld by the plan administrator. These stock appreciation rights become exercisable in five equal annual installments beginning on the first anniversary of the grant date. /s/Steven A. Marshall/Christopher J. Bast, by Power of Attorney 2017-03-16