LITHIA MOTORS INC 4
4 · LITHIA MOTORS INC · Filed Feb 24, 2016
Insider Transaction Report
Form 4
Liang George Chun-Wai
Senior Vice President
Transactions
- Award
Class A Common Stock
2016-02-22+1,823→ 2,075 total - Award
Class A Common Stock
2016-02-22+2,279→ 4,354 total - Tax Payment
Class A Common Stock
2016-02-22$87.04/sh−1,017$88,520→ 903 total
Holdings
- 903(indirect: By 401(k))
Class A Common Stock
Footnotes (5)
- [F1]Restricted stock units were awarded and earned under a performance and time-vesting restricted stock unit agreement entered into in 2015. Compensation Committee certification of the achievement of the performance condition for the award occurred on the transaction date. 456 shares of Class A Common Stock were issued in settlement of an equal number of restricted stock units. Subject to the reporting persons continued employment with the issuer or any of its subsidiaries, the remaining restricted stock units vest in equal installments on January 1 of each of 2017, 2018 and 2019.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F3]Shares of Class A Common Stock were issued in settlement of restricted stock units that were earned and vested under a long-term restricted stock unit agreement entered into in 2015. Compensation Committee certification of the achievement of the performance condition of the award occurred on the transaction date.
- [F4]Shares were withheld by the issuer to cover withholding taxes upon vesting of restricted stock units.
- [F5]Includes 252 shares acquired under the issuer's employee stock purchase plan.