X0303 4 2011-05-17 0 0000277638 DAVEY TREE EXPERT CO NONE 0001399774 Ginn William L 1500 NORTH MANTUA STREET KENT OH 44240 1 0 0 0 Stock Appreciation Rights 18.40 2011-05-17 4 A 0 3000 0.00 A 2012-05-17 2021-05-17 Common Stock 3000 3000 D The Stock Appreciation Rights become exercisable in the amount of 20% of the number of common shares to be acquired on each anniversary of the date of the grant commencing with the first anniversary, the option will expire on the tenth anniversary from the date of the grant. /s/William L. Ginn/David E. Adante, by Power of Attorney 2011-05-19