ASBURY AUTOMOTIVE GROUP INC 4
4 · ASBURY AUTOMOTIVE GROUP INC · Filed Feb 24, 2015
Insider Transaction Report
Form 4
Kearney Michael
SVP & Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2015-02-20$78.87/sh−5,828$459,654→ 33,594 total - Tax Payment
Common Stock
2015-02-20$78.87/sh−2,878$226,988→ 30,716 total - Exercise/Conversion
Common Stock
2015-02-20+13,892→ 39,422 total - Exercise/Conversion
Performance Share Units
2015-02-20−13,892→ 0 total→ Common Stock Par Value $.01 per share (13,892 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 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 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-half 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, and the second and final half vested on February 20, 2015.