ASBURY AUTOMOTIVE GROUP INC 4
4 · ASBURY AUTOMOTIVE GROUP INC · Filed Mar 8, 2017
Insider Transaction Report
Form 4
Style Keith
VP, Finance
Transactions
- Exercise/Conversion
Common Stock
2017-03-06+3,897→ 23,032 total - Tax Payment
Common Stock
2017-03-06$64.60/sh−1,869$120,737→ 21,163 total - Award
Performance Share Units
2017-03-06+11,692→ 11,692 total→ Common Stock (11,692 underlying) - Exercise/Conversion
Performance Share Units
2017-03-06−3,897→ 7,795 total→ Common Stock (3,897 underlying)
Footnotes (3)
- [F1]Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on February 5, 2016. This transaction represents the vesting of one-third 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, and the conversion of such units into shares of the Issuer's common stock, granted on February 5, 2016.
- [F3]Represents vesting of performance share units upon the Issuer having met certain performance objectives, which objectives were certified as having been met on March 6, 2017. 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 5, 2016 vested upon certification of the objectives having been met, which occurred on March 6, 2017, an additional one-third vests on February 5, 2018 and the remaining one-third vests on February 5, 2019.