SEC Form 4 · accession 0001023128-16-000117
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 22, 2016
Accepted (ET)
Apr 25, 2016 · 6:58 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 StockF1 | Apr 22, 2016 | A | 1,566 | $0.00 | A | 165,007 | D | |
| Class A Common StockF2 | holding | — | — | — | 65,820 | I | by DeBoer Family LLC | |
| Class A Common Stock | holding | — | — | — | 2,349 | I | by Wife Jointly |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. Restricted stock units vest 25% on the 1st of the month following each regularly scheduled quarterly Board of Directors meeting.
- F2The 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.