4//SEC Filing
Thomas John A 4
Accession 0001140361-10-009212
CIK 0001364479other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 3:10 PM ET
Size
9.7 KB
Accession
0001140361-10-009212
Insider Transaction Report
Form 4
Thomas John A
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
2010-02-26+39,324→ 63,944 total - Exercise/Conversion
Performance Stock Units
2010-02-26−39,324→ 117,975 total→ Common Stock (39,324 underlying) - Tax Payment
Common Stock
2010-02-26$9.40/sh−14,295$134,373→ 49,649 total
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 February 26, 2009.
- [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 three tranches. The first tranche, consisting of 25% of the grant, vested on February 26, 2010, 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 and third tranches will vest on the second and third anniversaries of the date of grant contingent only upon the Recipient's continued employment. The second tranche will consist of 25% of the grant and the third tranche will consist of 50% of the grant.
Documents
Issuer
HERTZ GLOBAL HOLDINGS INC
CIK 0001364479
Entity typeother
Related Parties
1- filerCIK 0001413576
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 3:10 PM ET
- Size
- 9.7 KB