BURGESS LYNNE A 4/A
4/A · ASBURY AUTOMOTIVE GROUP INC · Filed Mar 20, 2009
Insider Transaction Report
Form 4/AAmended
BURGESS LYNNE A
Vice President, GC & Secretary
Transactions
- Award
Common stock, par value $.01 per share
2009-03-18+2,000→ 13,359 total - Tax Payment
Common stock, par value $.01 per share
2009-03-18$3.65/sh−676$2,467→ 12,683 total
Footnotes (1)
- [F1]These shares of the Issuer's common stock were awarded by the Issuer to the reporting person as settlement of certain non-derivative performance shares that were granted for the performance period of fiscal years 2006, 2007 and 2008 (the "Period"). Each performance share converts into one share of the Issuer's common stock and the vesting of such performance shares are contingent upon the Issuer meeting certain performance objective for the Issuer's earning per share and performance of its four revenue sources over the Period. Had the Issuer achieved 100% of its performance goals for the Period, the reporting person would have received 5,000 shares of common stock. The Issuer achieved 40% of its targeted performance goals for the Period and thus awarded the reporting person 2,000 shares of its common stock, representing 40% of the targeted amount.