4//SEC Filing
Hanlon Bryan 4
Accession 0001144980-11-000051
CIK 0001144980other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 5:13 PM ET
Size
13.6 KB
Accession
0001144980-11-000051
Insider Transaction Report
Form 4
Hanlon Bryan
Controller & CAO
Transactions
- Tax Payment
Common stock, par value $.01 per share
2011-03-15−41→ 7,672 total - Award
Common stock, par value $.01 per share
2011-03-15+1,675→ 9,347 total - Tax Payment
Common stock, par value $.01 per share
2011-03-15−544→ 8,803 total - Award
Performance share (right to receive)
2011-03-15+3,350→ 3,350 total→ Common stock, par value $.01 per share (3,350 underlying) - Award
Common stock, par value $.01 per share
2011-03-15+125→ 7,713 total
Footnotes (3)
- [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 2008, 2009 and 2010 (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 objectives over the Period. Had the Issuer's achieved 100% of its performance goals for the Period, the Reporting Person would have received 250 shares. The Issuer achieved 50% of its targeted performance goals for the Period and thus awarded the Reported Person 125 shares of its common stock, representing 50% of the targeted amount.
- [F2]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 year 2010 (the "2010 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 objectives over the 2010 Period. Had the Issuer's achieved 100% of its performance goals for the 2010 Period, the Reporting Person would have received 3,750 shares. The Issuer achieved 134% of its targeted performance goals for the 2010 Period and thus awarded the Reported Person 5,025 shares of its common stock, representing 134% of the targeted amount. One-third of the performance shares under this performance share award vested as of the grant date, with the remaining two-thirds of the shares vesting on the second and third anniversaries of the grant date.
- [F3]Each performance share represents a contingent right to receive a share of the Issuer's common stock based on the Issuer's performance during the 2010 Period and the award granted to the Reporting Person as a result of such performance. In order for the Reporting Person to receive these performance shares on the second and third anniversaries of the grant date, the Reporting Person must be an employee of the Issuer on such dates.
Documents
Issuer
ASBURY AUTOMOTIVE GROUP INC
CIK 0001144980
Entity typeother
Related Parties
1- filerCIK 0001449994
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 5:13 PM ET
- Size
- 13.6 KB