4//SEC Filing
KRENZ SCOTT J 4
Accession 0001144980-13-000031
CIK 0001144980other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 5:43 PM ET
Size
7.2 KB
Accession
0001144980-13-000031
Insider Transaction Report
Form 4
KRENZ SCOTT J
SVP & CFO
Transactions
- Tax Payment
Common Stock
2013-03-18$37.19/sh−1,850$68,802→ 34,945 total - Award
Common Stock
2013-03-18+5,546→ 36,795 total
Footnotes (2)
- [F1]Represents shares of the Issuer's common stock that vested in connection with an award of performance share units granted to the Reporting Person in February 2012 for the performance period of fiscal year 2012 (the "2012 Period"). The actual number of performance share units that could be earned was contingent upon the achievement by the Issuer of certain performance goals set at the beginning of the 2012 Period. Each performance share unit earned converts into one share of the Issuer's common stock. For the 2012 Period, the Issuer achieved performance resulting in a payout of a number of shares of common stock equal to 130% of target and thus awarded the Reporting Person 16,640 shares of common stock. In order for the Reporting Person to receive these shares, the Reporting Person must be an employee of the Issuer on the first, second and third anniversaries of the grant date. This transaction represents the vesting of the first tranche of this award.
- [F2]Represents the number of shares of the Issuer's common stock withheld for payment of taxes on performance shares granted on February 15, 2012.
Documents
Issuer
ASBURY AUTOMOTIVE GROUP INC
CIK 0001144980
Entity typeother
Related Parties
1- filerCIK 0001255683
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 5:43 PM ET
- Size
- 7.2 KB