ASBURY AUTOMOTIVE GROUP INC 4
4 · ASBURY AUTOMOTIVE GROUP INC · Filed Feb 19, 2014
Insider Transaction Report
Form 4
KRENZ SCOTT J
SVP & CFO
Transactions
- Exercise/Conversion
Common Stock
2014-02-15+5,547→ 36,714 total - Tax Payment
Common Stock
2014-02-15$49.26/sh−1,424$70,146→ 33,440 total - Tax Payment
Common Stock
2014-02-15$49.26/sh−1,850$91,131→ 34,864 total - Exercise/Conversion
Performance Share Units
2014-02-15−5,547→ 5,547 total→ Common Stock par value $.01 per share (5,547 underlying)
Footnotes (4)
- [F1]Represents shares of the Issuer's common stock issued to Mr. Krenz upon the vesting of performance share units granted on February 15, 2012. 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 to Mr. Krenz on February 15, 2012.
- [F3]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. Krenz on February 15, 2012.
- [F4]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 16,640 performance share units granted to Mr. Krenz 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. Krenz must be an employee of the Issuer on such date.