SEC Form 4 · accession 0000893877-16-000021
LITHIA MOTORS INC · LAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sidney B Deboer
Director
Period of report
Apr 14, 2016
Accepted (ET)
Apr 18, 2016 · 5:06 pm EDT
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 StockF2,F3,F4 | Apr 14, 2016 | J | 33,068 | $88.98 | D | 231,610 | I | By The Sidney B. DeBoer Trust and DeBoer Family LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Distribution from DeBoer Family LLC to certain members of DeBoer Family LLC, not including the Sidney B. DeBoer Trust
- F2DeBoer Family LLC redeemed membership interests in DeBoer Family LLC from certain of the members of DeBoer Family LLC, not including the Sidney B. DeBoer Trust. 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 April 14, 2016.
- F3As permitted by instruction 4(b)(iv) to Form 4, the reporting person is reporting beneficial ownership of all of shares of Lithia Motors, Inc. Class A Common Stock owned by DeBoer Family LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F4The reporting person is the settlor of the Sidney B. DeBoer Trust, and the Sidney B. DeBoer Trust is revocable by the reporting person at any time at the reporting person's option. DeBoer Family LLC is the direct owner of the securities shown in column 5 of Table I, and the Sidney B. DeBoer Trust is a member and the sole manager of DeBoer Family LLC.