ASBURY AUTOMOTIVE GROUP INC 4
4 · ASBURY AUTOMOTIVE GROUP INC · Filed Feb 19, 2014
Insider Transaction Report
Form 4
Kearney Michael
SVP & Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2014-02-15+7,867→ 53,437 total - Tax Payment
Common Stock
2014-02-15$49.26/sh−3,301$162,607→ 50,136 total - Tax Payment
Common Stock
2014-02-15$49.26/sh−2,888$142,263→ 49,488 total - Tax Payment
Common Stock
2014-02-15$49.26/sh−2,954$145,514→ 52,376 total - Exercise/Conversion
Performance Share Units
2014-02-15−8,948→ 8,949 total→ Common Stock Par Value $.01 per share (8,948 underlying) - Tax Payment
Common Stock
2014-02-15$49.26/sh−3,754$184,922→ 55,330 total - Exercise/Conversion
Common Stock
2014-02-15+8,948→ 59,084 total - Exercise/Conversion
Performance Share Units
2014-02-15−7,867→ 0 total→ Common Stock Par Value $.01 per share (7,867 underlying)
Footnotes (8)
- [F1]Represents shares of the Issuer's common stock issued to Mr. Kearney upon the vesting of performance share units granted on February 15, 2011. This transaction represents the vesting of the third and final tranche of this award.
- [F2]Represents shares of the Issuer's common stock issued to Mr. Kearney upon the vesting of performance share units granted on February 15, 2012. This transaction represents the vesting of the second tranche of this award.
- [F3]Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units granted to Mr. Kearney on February 15, 2011.
- [F4]Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units granted to Mr. Kearney on February 15, 2012.
- [F5]Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of restricted stock granted to Mr. Kearney on February 15, 2011.
- [F6]Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of restricted stock granted to Mr. Kearney on February 15, 2012.
- [F7]Each performance share unit converts into one share of the Issuer's common stock and was granted based upon the Issuer meeting certain performance objectives in the performance period of fiscal year 2011 (the "2011 Period"). One-third of the 23,600 performance share units granted to Mr. Kearney on February 15, 2011 vested as of March 13, 2012, an additional one-third vested on February 15, 2013 and the remaining one-third vested on February 15, 2014.
- [F8]Each performance share unit converts into one share of the Issuer's common stock and was granted based upon the Issuer meeting certain performance objectives in the performance period of fiscal year 2012 (the "2012 Period"). One-third of the 26,845 performance share units granted to Mr. Kearney vested as of March 18, 2013, an additional one-third vested on February 15, 2014 and the remaining one-third will vest on February 15, 2015. In order for the remaining performance share units to vest on February 15, 2015, Mr. Kearney must be an employee of the Issuer on such date.