4//SEC Filing
ASBURY AUTOMOTIVE GROUP INC 4
Accession 0001144980-13-000047
$ABGCIK 0001144980operating
Filed
Jun 27, 8:00 PM ET
Accepted
Jun 28, 4:46 PM ET
Size
8.9 KB
Accession
0001144980-13-000047
Insider Transaction Report
Form 4
KRENZ SCOTT J
SVP & CFO
Transactions
- Award
Common Stock
2013-06-27+3,710→ 38,655 total - Tax Payment
Common Stock
2013-06-27$40.10/sh−1,238$49,644→ 36,179 total - Tax Payment
Common Stock
2013-06-27$40.10/sh−1,238$49,644→ 37,417 total
Footnotes (3)
- [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 June 2011 for the performance period of fiscal year 2011 (the "2011 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 2011 Period. Each performance share unit earned converts into one share of the Issuer's common stock. For the 2011 Period, the Issuer achieved performance resulting in a payout of a number of shares of common stock equal to 100% of target and thus awarded the Reporting Person 11,130 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 second 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 June 27, 2011.
- [F3]Represents the number of shares of the Issuer's common stock withheld for payment of taxes on shares of restricted stock granted on June 27, 2011.
Documents
Issuer
ASBURY AUTOMOTIVE GROUP INC
CIK 0001144980
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001144980
Filing Metadata
- Form type
- 4
- Filed
- Jun 27, 8:00 PM ET
- Accepted
- Jun 28, 4:46 PM ET
- Size
- 8.9 KB