ASBURY AUTOMOTIVE GROUP INC 4
4 · ASBURY AUTOMOTIVE GROUP INC · Filed Feb 24, 2015
Insider Transaction Report
Form 4
Sawicki Michael
Controller & PAO
Transactions
- Exercise/Conversion
Common Stock
2015-02-20+518→ 5,131 total - Tax Payment
Common Stock
2015-02-20$78.87/sh−128$10,095→ 4,830 total - Tax Payment
Common Stock
2015-02-20$78.87/sh−173$13,645→ 4,958 total - Exercise/Conversion
Performance Share Units
2015-02-20−518→ 518 total→ Common Stock Par Value $.01 per share (518 underlying)
Footnotes (4)
- [F1]Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on February 20, 2013. 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 upon the vesting of performance share units granted on February 20, 2013.
- [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 20, 2013.
- [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 4, 2014. 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 20, 2013 vested upon certification of the objectives having been met, which occurred on March 4, 2014, an additional one-third vested on February 20, 2015 and the remaining one-third will vest on February 20, 2016.