SEC Form 4 · accession 0001023128-19-000026
LITHIA MOTORS INC · LAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F North
Officer — Senior Vice President & CFO
Period of report
Feb 11, 2019
Accepted (ET)
Feb 12, 2019 · 2:12 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 | Feb 11, 2019 | A | 1,795 | $0.00 | A | 16,308 | D | |
| Class A Common StockF3 | Feb 11, 2019 | F | 600 | $84.32 | D | 15,708 | 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 2016. Compensation Committee certification of the achievement of the performance condition of the award occurred on the transaction date.
- F2Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F3Shares were withheld by the issuer to cover withholding taxes upon vesting of restricted stock units.