SEC Form 4 · accession 0001209191-16-102308
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
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 4:22 pm EST
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,F3 | Feb 23, 2016 | A | 77,633 | — | A | 1,041,304 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F115% of the shares vest on June 1, 2017, 15% of the shares vest on June 1, 2018, 20% of the shares vest on June 1, 2019 and 50% of the shares vest on June 1, 2020.
- F2Price is not relevant to this transaction.
- F3Mr. 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.