SEC Form 4 · accession 0001023128-15-000016
LITHIA MOTORS INC · LAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan B Deboer
Officer — Chief Executive Officer · Director
Period of report
Mar 2, 2015
Accepted (ET)
Mar 2, 2015 · 6:20 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 StockF1,F2 | Mar 2, 2015 | A | 19,519 | $0.00 | A | 112,641 | D | |
| Class A Common StockF3,F2 | Mar 2, 2015 | A | 18,381 | $0.00 | A | 131,022 | D | |
| Class A Common StockF4 | Mar 2, 2015 | F | 12,285 | $89.28 | D | 118,737 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares of Class A Common Stock were issued in settlement of restricted stock units that were earned and vested under a long-term restricted stock unit agreement entered into in 2013. Compensation Committee certification of the achievement of the performance criteria for the award occurred on the transaction date.
- F2Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F3Restricted stock units were awarded and earned under a performance and time-vesting restricted stock unit agreement entered into in 2014. Compensation Committee certification of the achievement of the performance criteria for the award occurred on the transaction date. 4,596 shares of Class A Common Stock were issued in settlement of an equal number of restricted stock units. Subject to the reporting person's continued employment with the issuer or any of its subsidiaries, the remaining restricted stock units vest in equal annual installments on the next 3 anniversary dates of the grant.
- F4Shares were withheld by the issuer to cover withholding taxes upon vesting of restricted stock units.