4//SEC Filing
Eckroth Joseph F Jr 4
Accession 0001140361-12-011100
CIK 0001364479other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 2:46 PM ET
Size
9.3 KB
Accession
0001140361-12-011100
Insider Transaction Report
Form 4
Eckroth Joseph F Jr
Senior Vice President, CIO
Transactions
- Exercise/Conversion
Performance Stock Units
2012-02-26−63,464→ 0 total→ Common Stock (63,464 underlying) - Exercise/Conversion
Common Stock
2012-02-26+63,464→ 165,187 total - Tax Payment
Common Stock
2012-02-26$14.55/sh−21,743$316,361→ 143,444 total
Footnotes (3)
- [F1]Represents shares issued to the reporting person in respect of the vesting of the third 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 vested 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 vested 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 consisted of 50% of the grant.
Documents
Issuer
HERTZ GLOBAL HOLDINGS INC
CIK 0001364479
Entity typeother
Related Parties
1- filerCIK 0001355674
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 2:46 PM ET
- Size
- 9.3 KB