SEC Form 4 · accession 0000893877-16-000017
LITHIA MOTORS INC · LAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
LITHIA HOLDING CO LLC
10% Owner
Period of report
Mar 2, 2016
Accepted (ET)
Mar 4, 2016 · 6:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001023128
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Mar 2, 2016 | C | 780,000 | $0.00 | A | 780,000 | D | |
| Class A Common StockF2 | Mar 2, 2016 | J | 780,000 | $94.58 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1 | — | Mar 2, 2016 | C | 780,000 | D | — | — | Class A Common Stock | 780,000 | 1,762,231 | D |
Explanation of responses
- F1Class B Common Stock is immediately convertible on a one-for-one basis into Class A Common Stock and has no expiration date.
- F2The reporting person redeemed membership interests in the reporting person from certain of the members of the reporting person. The price shown is the value of one share of the issuer's Class A Common Stock at the close of the New York Stock Exchange on March 2, 2016.
- F3Distribution from the reporting person to certain members of the reporting person, including The Sidney B. DeBoer Trust.
Remarks
The exit box is checked because, after the distribution of 780,000 shares of Lithia Motors, Inc. Class A Common Stock reflected in this Form 4, the reporting person is no longer a 10% owner.