SEC Form 4 · accession 0001144980-15-000069

ASBURY AUTOMOTIVE GROUP INC · ABG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP, GC and Secretary

Period of report

Mar 4, 2015

Accepted (ET)

Mar 6, 2015 · 4:34 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001144980

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Mar 4, 2015	M	2,062	$0.00	A	24,315	D
Common Stock^F2	Mar 4, 2015	F	688	$76.72	D	23,627	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Share Units^F3	—	Mar 4, 2015	A	6,188	A	—	—	Common Stock par value$.01 per share	6,188	6,188	D
Performance Share Units^F3	—	Mar 4, 2015	M	2,062	D	—	—	Common Stock par value$.01 per share	2,062	4,126	D

F1Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on February 5, 2014. This transaction represents the vesting of one-third of this award.
F2Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units, and the conversion of such units into shares of the Issuer's common stock, granted on February 5, 2014.
F3Represents vesting of performance share units upon the Issuer having met certain performance objectives, which objectives were certified as having been met on March 4, 2015. Each performance share unit converts into one share of the Issuer's common stock upon vesting. One-third of the performance share units granted on February 5, 2014 vested upon certification of the objectives having been met, which occurred on March 4, 2015, an additional one-third vests on February 5, 2016 and the remaining one-third vests on February 5, 2017.