SEC Form 4 · accession 0001144980-16-000208
ASBURY AUTOMOTIVE GROUP INC · ABG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Renee E McKenzie
Officer — VP, Human Resources
Period of report
May 29, 2016
Accepted (ET)
Jun 1, 2016 · 4:31 pm EDT
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 StockF1 | May 29, 2016 | M | 419 | $0.00 | A | 4,313 | D | |
| Common StockF2 | May 29, 2016 | F | 140 | $56.09 | D | 4,173 | D | |
| Common StockF3 | May 29, 2016 | F | 65 | $56.09 | D | 4,108 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF4 | — | May 29, 2016 | M | 419 | D | — | — | Common Stock | 419 | 419 | D |
Explanation of responses
- F1Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on May 29, 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 May 29, 2014.
- F3Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of one-third of the restricted stock award granted on May 29, 2014.
- F4Represents 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 May 29, 2014 vested on May 29, 2015 and an additional one-third vested on May 29, 2016.