SEC Form 4 · accession 0001140361-15-009873
HERC HOLDINGS INC · HRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Stuart
Officer — Exec VP,Global Sales&Marketing
Period of report
Feb 28, 2015
Accepted (ET)
Mar 3, 2015 · 12:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001364479
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Feb 28, 2015 | M | 4,617 | $0.00 | A | 41,233 | D | |
| Common StockF1 | Feb 28, 2015 | F | 1,334 | $23.07 | D | 39,899 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF2 | — | Feb 28, 2015 | M | 4,617 | D | — | — | Common Stock | 4,617 | 4,618 | D |
Explanation of responses
- F1Shares withheld to pay tax liabilities incident to the vesting of Performance Stock Units.
- F2Each Performance Stock Unit represents a contingent right to receive one share of HTZ common stock. The Performance Stock Units were initially granted in 2013, and the amount of Performance Stock Units eligible for vesting is subject to achievement of financial performance goals during 2013. The Performance Stock Units vest in three tranches, with 33 1/3% of the award earned vesting on the first, second and third anniversaries of the grant date, in each case if the executive is still an employee on the applicable vesting date.