X0304 4 2012-03-07 0 0000277638 DAVEY TREE EXPERT CO NONE 0001247523 BOWLES HOWARD D 1500 NORTH MANTUA STREET KENT OH 44240 0 1 0 0 Sr VP & GM-Davey Tree Surgery Common Stock 2012-03-07 4 A 0 2544 0.00 A 206599 D Common Stock 66076.1196 I By 401(k) Plan 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. This total reflects routine accumulation of 66,076.1196 common shares acquired through the Company's 401(k) benefit plan after the transaction date and as of March 7, 2012, based on internal records. /s/Howard D. Bowles/David E. Adante, by Power of Attorney 2012-03-09