V Gordon Clemons, CorVel Corp.'s Chairman of the Board and a director of the company, recently acquired 1,206 shares of the company. The buys took place at prices ranging from $21.87 to $45.73 per share, on May 05, 2016. Clemons now owns 1,896,965 shares of the company. Clemons operates out of Irvine, CA. Some additional info was provided as follows:
Shares delivered in payment of the option exercise price and/or tax liability incident to the option exercise.
The form of ownership of CorVel stock held by the reporting person changed from Direct to Indirect when the shares were transferrred without consideration on December 20, 2012 to Clemons Management LLC. The reporting person and his spouse own Clemons Management LLC and therefore have investment and voting contr
ol over the shares of CorVel stock held by Clemons Management LLC.
Exercisable as to 25% of shares one year following grant date with the remaining shares exercisable in 36 equal monthly installments thereafter.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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