LITHIA MOTORS INC 4
4 · LITHIA MOTORS INC · Filed Feb 15, 2017
Insider Transaction Report
Form 4
Dobry Thomas
VP Marketing
Transactions
- Award
Class A Common Stock
2017-02-13+1,551→ 5,294 total - Tax Payment
Class A Common Stock
2017-02-13$101.80/sh−150$15,270→ 5,144 total
Footnotes (3)
- [F1]Restricted stock units were awarded and earned under a performance and time-vesting restricted stock unit agreement entered into in 2016. Compensation Committee certification of the achievement of the performance condition for the award occurred on the transaction date. 388 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 2018, 2019 and 2020.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F3]Shares were withheld by the issuer to cover withholding taxes upon vesting of restricted stock units.