HERTZ GLOBAL HOLDINGS INC 4
4 · HERTZ GLOBAL HOLDINGS INC · Filed Mar 4, 2014
Insider Transaction Report
Form 4
Zimmerman J Jeffrey
Sr. VP, GC and Secretary
Transactions
- Exercise/Conversion
Performance Stock Units
2014-03-01−21,520→ 0 total→ Common Stock (21,520 underlying) - Tax Payment
Common Stock
2014-03-01$28.01/sh−7,027$196,826→ 81,794 total - Exercise/Conversion
Common Stock
2014-03-01+21,520→ 88,821 total
Footnotes (2)
- [F1]Each Performance Stock Unit represents a contingent right to receive one share of HTZ common stock. The Performance Stock Units vest in three tranches, contingent upon (a) the recipient's continued employment and (b) EBITDA of the issuer during the 2011 and 2012 fiscal years. The first and second tranches each consist of 25% of the grant and the third tranche will consist of 50% of the grant. The first and second tranches vested on March 1, 2012 and March 1, 2013, respectively, and the third tranche vested on March 1, 2014.
- [F2]Shares withheld to pay tax liabilities incident to the vesting of Performance Stock Units.