Steven J Hamerslag, a director of CorVel Corp., recently cashed-in 2,550 options. The options were exercised at $9.05, while the disposals took place at $0.00 per share, on dates ranging from March 10 to March 14, 2016. Hamerslag continues to hold 118,548 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Hamerslag operates out of Irvine, CA. Some additional info was provided as follows:
Gift to charitable gift fund.
Option issued pursuant to an automatic option grant program for the Company's non-employee directors under the Restated Omnibus Incentive Plan.
Exercisable in a series of 4 equal and successive annual installments commencing 12 months following the date of grant.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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