SEC Form 4 · accession 0000893877-17-000015
LITHIA MOTORS INC · LAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Sidney B Deboer
Director
Period of report
Apr 19, 2017
Accepted (ET)
Apr 20, 2017 · 8:23 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 19, 2017 | J | 79,106 | $93.48 | D | 200,000 | I | by DeBoer Family LLC |
| Class A Common StockF2 | Apr 19, 2017 | J | 48,849 | $93.48 | A | 79,625 | D | |
| Class A Common StockF2 | Apr 19, 2017 | J | 702 | $93.48 | A | 3,051 | I | by Wife Jointly |
| Class A Common StockF3,F4 | Apr 20, 2017 | S | 5,000 | $95.25 | D | 195,000 | I | by DeBoer Family LLC |
| Class A Common StockF3,F4 | Apr 20, 2017 | S | 5,000 | $95.50 | D | 190,000 | I | by DeBoer Family LLC |
| Class A Common Stock | Apr 20, 2017 | G | 10,000 | $0.00 | D | 69,625 | D |
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, including the Sidney B. DeBoer Trust and the reporting person's wife.
- F2DeBoer Family LLC distributed shares of the issuer's Class A Common Stock to certain members of DeBoer Family LLC, including the Sidney B. DeBoer Trust and the reporting person's wife. 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 19, 2017.
- F3As permitted by instruction 4(b)(iv), the reporting person is reporting beneficial ownership of all shares of Lithia Motors, Inc. Class A Common Stock held by DeBoer Family LLC. The reporting person disclaims beneficial ownership of these shares 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 the reported shares for purposes of Section 16 or 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 the reporting person's option. The Sidney B. DeBoer Trust is a member and the sole manager of DeBoer Family LLC, which is the direct owner of the securities shown in this row of column 5 of Table I.