Karolis George 4
4 · ASBURY AUTOMOTIVE GROUP INC · Filed Mar 14, 2018
Insider Transaction Report
Form 4
Karolis George
VP, Corp. Dev. & Real Estate
Transactions
- Exercise/Conversion
Common Stock
2018-03-12+874→ 8,667 total - Tax Payment
Common Stock
2018-03-12$68.75/sh−266$18,288→ 8,401 total - Sale
Common Stock
2018-03-13$69.54/sh−3,150$219,051→ 5,251 total - Award
Performance Share Units
2018-03-12+2,622→ 2,622 total→ Common Stock (2,622 underlying) - Exercise/Conversion
Performance Share Units
2018-03-12−874→ 1,748 total→ Common Stock (874 underlying)
Footnotes (4)
- [F1]Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on February 8, 2017. 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 8, 2017.
- [F3]Represents the weighted average share price of an aggregate total of 3,150 shares of Issuer's common stock sold in the price range of $69.53 to $69.58 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the Issuer or security holder, full information regarding the number of shares sold at each separate price.
- [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 12, 2018. 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 8, 2017 vested upon certification of the objectives having been met, which occurred on March 12, 2018, an additional one-third vests on February 8, 2019 and the remaining one-third vests on February 8, 2020.