4//SEC Filing
Senackerib Michael P 4
Accession 0001140361-11-013119
CIK 0001364479other
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 5:34 PM ET
Size
14.6 KB
Accession
0001140361-11-013119
Insider Transaction Report
Form 4
Senackerib Michael P
Sr. VP, Chief Mktg Officer
Transactions
- Exercise/Conversion
Common Stock
2011-02-26+28,553→ 65,505 total - Tax Payment
Common Stock
2011-02-26$15.14/sh−10,380$157,153→ 55,125 total - Exercise/Conversion
Performance Stock Units
2011-02-26−28,553→ 57,107 total→ Common Stock (28,553 underlying) - Award
Performance Stock Units
2011-02-28+25,787→ 25,787 total→ Common Stock (25,787 underlying) - Award
Employee Stock Options (right to purchase)
2011-03-01+37,579→ 37,579 totalExercise: $14.60Exp: 2021-03-01→ Common Stock (37,579 underlying)
Footnotes (5)
- [F1]Represents shares issued to the reporting person in respect of the vesting of the second 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. Following vesting of the first tranche, 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 consisted of 25% of the grant and the third tranche will consist of 50% of the grant.
- [F4]Each Performance Stock Unit represents a contingent right to receive one share of HTZ common stock. The performance units vest in three tranches, contingent upon the Recipient's continued employment. The first and second tranches will each consist of 25% of the grant and the third tranche will consist of 50% of the grant. The first tranche will vest on March 4, 2011, the second tranche will vest on March 4, 2012 and the third tranche will vest on March 4, 2013.
- [F5]The options will vest in four equal installments on the first through fourth anniversaries of the grant date. The first installment will become exercisable on March 1, 2012.
Documents
Issuer
HERTZ GLOBAL HOLDINGS INC
CIK 0001364479
Entity typeother
Related Parties
1- filerCIK 0001442467
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 5:34 PM ET
- Size
- 14.6 KB