X0303 4 2006-06-05 0 0000277638 DAVEY TREE EXPERT CO NONE 0001362786 PAUL JOSEPH R 1500 NORTH MANTUA STREET KENT OH 44240 0 1 0 0 Vice President Common Stock 2010-03-09 4 A 0 264 0.00 A 4530 D Common Stock 2011-03-09 4 A 0 282 0.00 A 4530 D Common Stock 1135.4388 I By 401(k) plan Nonqualified Stock Option (Right to Buy) 11.25 2006-06-05 4 A 0 8000 0.00 A 2007-06-05 2016-06-05 Common Stock 8000 8000 D Stock Appreciation Rights (2009) 16.40 2009-03-10 4 A 0 1000 0.00 A 2010-03-10 2018-12-31 Common Stock 1000 1000 D Nonqualified Stock Option (Right to Buy) 16.00 2009-11-02 4 A 0 2000 0.00 A 2010-11-02 2019-11-02 Common Stock 2000 2000 D Stock Appreciation Rights (2010) 16.60 2010-03-09 4 A 0 1000 0.00 A 2011-03-09 2019-12-31 Common Stock 1000 1000 D Nonqualified Stock Option (Right to Buy) 16.60 2010-11-01 4 A 0 3000 0.00 A 2011-11-01 2020-11-01 Common Stock 3000 3000 D Stock Appreciation Rights (2011) 18.40 2011-03-09 4 A 0 1000 0.00 A 2012-03-09 2020-12-31 Common Stock 1000 1000 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. 4,530 common shares are beneficially owned as of July 21, 2011. This total includes 253 common shares purchased under the terms of the Company's Employee Stock Purchase Plan, as of July 21, 2011, based on internal records. Reflects routine accumulation of 1,135.4388 common shares acquired through the Company's 401(k) benefit plan, as of July 20, 2011, based on internal records. These options vest and become exercisable in five equal annual installments beginning on the first anniversary of the grant date. These stock appreciation rights become exercisable in five equal annual installments beginning on the first anniversary of the grant date. /s/Joseph R. Paul/David E. Adante, by Power of Attorney 2011-07-21