Thomas John A 4
4 · HERTZ GLOBAL HOLDINGS INC · Filed Nov 17, 2009
Insider Transaction Report
Form 4
Thomas John A
Executive Vice President
Transactions
- Tax Payment
Common Stock
2009-11-13$9.79/sh−15,380$150,570→ 24,620 total - Exercise/Conversion
Common Stock
2009-11-13+40,000→ 40,000 total - Exercise/Conversion
Performance Stock Units
2009-11-13−40,000→ 40,000 total→ Common Stock (40,000 underlying)
Footnotes (3)
- [F1]Represents shares issued to the reporting person in respect of the vesting of the first tranche of Performance Stock Units issued on November 13, 2008.
- [F2]Shares withheld to pay tax liabilities incident to the vesting of performance stock units.
- [F3]Each Performance Stock Unit represents a contingent right to receive one share of HTZ common stock. The performance stock units vest in two equal tranches. The first tranche vested on November 13, 2009, which was the first anniversary of the date of grant. Vesting was contingent upon (a) the Recipient's continued employment and (b) satisfaction of the consolidated leverage ratio covenants in the credit agreements governing The Hertz Corporation's senior credit facilities during the period commencing on the date of grant and ending on the first anniversary thereof. The second tranche will vest on the second anniversary of the date of grant contingent only upon the Recipient's continued employment.