SEC Form 4 · accession 0001144980-16-000185

ASBURY AUTOMOTIVE GROUP INC · ABG

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

Reporting owner

Officer — President & CEO · Director

Period of report

Mar 4, 2016

Accepted (ET)

Mar 7, 2016 · 6:14 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, 2016	M	10,234	$0.00	A	166,002	D
Common Stock^F2	Mar 4, 2016	F	4,908	$60.37	D	161,094	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, 2016	A	30,704	A	—	—	Common Stock	30,704	30,704	D
Performance Share Units^F3	—	Mar 4, 2016	M	10,234	D	—	—	Common Stock	10,234	20,470	D

F1Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on February 5, 2015. 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 granted on February 5, 2015.
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, 2016. 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, 2015 vested upon certification of the objectives having been met, which occurred on March 4, 2016, an additional one-third vests on February 5, 2017 and the remaining one-third vests on February 5, 2018.