Lecil E. Cole - Mar 10, 2023 Form 4 Insider Report for CALAVO GROWERS INC (CVGW)

Role
Chief Executive Officer
Signature
/s/ Lecil E. Cole
Stock symbol
CVGW
Transactions as of
Mar 10, 2023
Transactions value $
$0
Form type
4
Date filed
3/14/2023, 08:04 PM
Next filing
Mar 23, 2023

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 CVGW Stock Option (right to buy) Award $0 +500K $0.00 500K Mar 10, 2023 Common Stock 500K $24.39 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option becomes exercisable with respect to 200,000 shares on March 10, 2024, and becomes exercisable, if at all, with respect to the remaining 300,000 shares in 100,000-share increments if the average daily closing price of CVGW common stock on the Nasdaq Stock Market during any 30 consecutive calendar day period exceeds $50, $60, and $70 respectively.