SEC Form 4 · accession 0001127602-16-052236
GROUP 1 AUTOMOTIVE INC · GPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Earl J Hesterberg
Officer — President & CEO · Director
Period of report
May 2, 2016
Accepted (ET)
May 16, 2016 · 10:10 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001031203
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 2, 2016 | G | 20,000 | $0.00 | D | 396,193 | D | |
| Common StockF2 | May 2, 2016 | G | 20,000 | $0.00 | A | 20,000 | I | Spouse |
| Common Stock | May 4, 2016 | G | 7,500 | $0.00 | D | 12,500 | I | Spouse |
| Common StockF3 | May 4, 2016 | G | 7,500 | $0.00 | A | 7,500 | I | MH 2016 Irrevocable Trust |
| Common Stock | May 4, 2016 | G | 7,500 | $0.00 | D | 5,000 | I | Spouse |
| Common StockF3 | May 4, 2016 | G | 7,500 | $0.00 | A | 7,500 | I | BH 2016 Irrevocable Trust |
| Common Stock | holding | — | — | — | 14,600 | I | Susan Hesterberg, Trustee of Irrevocable Trust B | |
| Common Stock | holding | — | — | — | 14,600 | I | Susan Hesterberg, Trustee of Irrevocable Trust J | |
| Common Stock | holding | — | — | — | 14,600 | I | Susan Hesterberg, Trustee of Irrevocable Trust M |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes shares purchased in the Group 1 Automotive, Inc. Employee Stock Purchase Plan. The plan provides for a stock purchase discount of 15%, and is calculated using the stock closing price of the first or last day of the quarter, whichever is lower.
- F2This transaction involved a gift of securities by the reporting person to his spouse, who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
- F3The reporting person is the Trustee of the BH 2016 Irrevocable Trust and the MH 2016 Irrevocable Trust (collectively, the "Trusts"). Members of the reporting person's immediate family are the beneficiaries of the Trusts. The reporting person disclaims beneficial ownership of the Group 1 Automotive, Inc. stock held by the Trusts, except to the extent of his pecuniary interest therein.