SEC Form 4 · accession 0001209191-15-048915
PENSKE AUTOMOTIVE GROUP, INC. · PAG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger S Penske
Officer — Chairman & CEO · Director · 10% Owner
Period of report
Jun 1, 2015
Accepted (ET)
Jun 2, 2015 · 4:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001019849
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 1, 2015 | F | 61,722 | $51.05 | D | 1,035,545 | D | |
| Common StockF3,F2 | Jun 1, 2015 | S | 71,874 | $50.192 | D | 963,671 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares of the Issuer's common stock withheld for payment of taxes on shares of restricted stock that vested on June 1, 2015.
- F2Mr. Penske also reports indirect beneficial ownership of 29,934,409 shares held by Penske Automotive Holdings Corp. (a subsidiary of Penske Corporation) and 492,185 shares held by Penske Corporation. Mr. Penske disclaims beneficial ownership of the securities held indirectly, except to the extent of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities.
- F3This transaction was executed in multiple trade prices ranging from $51.0038 to $51.80. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.