ASBURY AUTOMOTIVE GROUP INC 4
4 · ASBURY AUTOMOTIVE GROUP INC · Filed Feb 18, 2015
Insider Transaction Report
Form 4
Kearney Michael
SVP & Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2015-02-15+8,949→ 32,172 total - Tax Payment
Common Stock
2015-02-15$79.87/sh−2,888$230,665→ 25,529 total - Exercise/Conversion
Performance Share Units
2015-02-15−8,949→ 0 total→ Common Stock Par Value $.01 per share (8,949 underlying) - Tax Payment
Common Stock
2015-02-15$79.87/sh−3,755$299,912→ 28,417 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.