ASBURY AUTOMOTIVE GROUP INC 4
4 · ASBURY AUTOMOTIVE GROUP INC · Filed Mar 6, 2014
Insider Transaction Report
Form 4
KRENZ SCOTT J
SVP & CFO
Transactions
- Tax Payment
Common Stock
2014-03-04$53.13/sh−2,409$127,990→ 24,190 total - Exercise/Conversion
Performance Share Units
2014-03-04−5,022→ 10,044 total→ Common Stock par value $.01 per share (5,022 underlying) - Exercise/Conversion
Common Stock
2014-03-04+5,022→ 26,599 total - Award
Performance Share Units
2014-03-04+15,066→ 15,066 total→ Common Stock par value $.01 per share (15,066 underlying)
Footnotes (3)
- [F1]Represents shares of the Issuer's common stock issued to Mr. Krenz upon the vesting of performance share units granted on February 20, 2013. This transaction represents the vesting of one-third of the 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 to Mr. Krenz on February 20, 2013.
- [F3]Represents grant of performance share units that was contingent upon the issuers meeting 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-third of the performance share units granted to Mr. Krenz on February 20, 2013 vested upon certification of the objectives having been met, which occurred on March 4, 2014, an additional one-third vests on February 20, 2015 and the remaining one-third vests on February 20, 2016.