4//SEC Filing
poste todd 4
Accession 0001140361-12-014533
CIK 0001364479other
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 4:21 PM ET
Size
6.4 KB
Accession
0001140361-12-014533
Insider Transaction Report
Form 4
poste todd
Vice President
Transactions
- Award
Price Vesting Units
2012-03-06+8,595→ 8,595 total→ Common Stock (8,595 underlying)
Footnotes (2)
- [F1]Each Price Vesting Unit (PVU) represents a contingent right to receive 1 share of HTZ common stock. The PVUs vest in 2 equal tranches on the third and fourth anniversaries of the date of grant, respectively. The first tranche will vest on March 6, 2015, contingent upon (a) the Recipient's continued employment and (b) the average of the closing prices of HTZ shares on the 20 trading days ending on the vesting date being at least $16.5899; if such 20 day average is less than $16.5899 but greater than $14.4260, then a prorated portion of the tranche will vest; if such 20 day average is less than or equal to $14.4260, the tranche will be forfeited. The second tranche will vest on March 6, 2016, contingent upon (a) the Recipient's continued employment and (b) the average of the closing prices of HTZ shares on the 20 trading days ending on the vesting date being at least $18.0325; if such 20 day average is less than $18.0325 but greater than $14.4260, [CONTINUED IN FOOTNOTE 2]
- [F2][CONTINUED FROM FOOTNOTE 1] then a prorated portion of the tranche will vest; if such 20 day average is less than or equal to $14.4260, the tranche will be forfeited.
Documents
Issuer
HERTZ GLOBAL HOLDINGS INC
CIK 0001364479
Entity typeother
Related Parties
1- filerCIK 0001507333
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 7:00 PM ET
- Accepted
- Mar 9, 4:21 PM ET
- Size
- 6.4 KB