ASBURY AUTOMOTIVE GROUP INC 4
4 · ASBURY AUTOMOTIVE GROUP INC · Filed Feb 18, 2015
Insider Transaction Report
Form 4
Sawicki Michael
Controller & PAO
Transactions
- Tax Payment
Common Stock
2015-02-15$79.87/sh−214$17,092→ 4,776 total - Tax Payment
Common Stock
2015-02-15$79.87/sh−163$13,019→ 4,613 total - Exercise/Conversion
Performance Share Units
2015-02-15−650→ 0 total→ Common Stock Par Value $.01 per share (650 underlying) - Exercise/Conversion
Common Stock
2015-02-15+650→ 4,990 total
Footnotes (4)
- [F1]Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on February 15, 2012. This transaction represents the vesting of the third and final tranche of this award.
- [F2]Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units granted on February 15, 2012.
- [F3]Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of shares of restricted stock granted on February 15, 2012.
- [F4]Represents vesting of performance share units upon the Issuer having met certain performance objectives, which objectives were certified as having been met on March 18, 2013. Each performance share unit converts into one share of the Issuer's common stock upon vesting. One-third of the performance share units granted on February 15, 2012 vested upon certification of the objectives having been met, which occurred on March 18, 2013, an additional one-third vested on February 15, 2014 and the remaining one-third vested on February 15, 2015.