SEC Form 4 · accession 0001209191-19-009613
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 12, 2019
Accepted (ET)
Feb 13, 2019 · 4:20 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 Stock (Restricted Shares)F1,F2,F3 | Feb 12, 2019 | A | 107,543 | — | A | 674,225 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F115% of the shares vest on June 1, 2020, 15% of the shares vest on June 1, 2021, 20% of the shares vest on June 1, 2022 and 50% of the shares vest on June 1, 2023.
- F2Price is not relevant to this transaction.
- F3Mr. Penske also reports indirect beneficial ownership of 33,688,936 shares held by Penske Automotive Holdings Corp. (a subsidiary of Penske Corporation) and 492,185 shares held by Penske Corporation. Mr. Penske also reports indirect beneficial ownership of 507,556 shares held in a trust (53,195 of which were previously held directly). 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.