Senackerib Michael P 4
4 · HERTZ GLOBAL HOLDINGS INC · Filed Nov 16, 2010
Insider Transaction Report
Form 4
Senackerib Michael P
Sr. VP, Chief Mktg Officer
Transactions
- Exercise/Conversion
Common Stock
2010-11-13+15,000→ 42,405 total - Tax Payment
Common Stock
2010-11-13$12.02/sh−5,453$65,545→ 36,952 total - Exercise/Conversion
Performance Stock Units
2010-11-13−15,000→ 0 total→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]Represents shares issued to the reporting person in respect of the vesting of the second 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 vested in two tranches on the first and second anniversaries of the date of grant. Vesting of the first tranche 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. Vesting of the second tranche was contingent only upon the Recipient's continued employment.