SEC Form 4 · accession 0001140361-15-009886
HERC HOLDINGS INC · HRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Naren B Srinivasan
Officer — Sr VP, Global Strat & Corp Dev
Period of report
Feb 28, 2015
Accepted (ET)
Mar 3, 2015 · 1:31 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 StockF3,F1 | Feb 28, 2015 | M | 1,836 | $0.00 | A | 21,641 | D | |
| Common StockF2,F1 | Feb 28, 2015 | F | 600 | $23.07 | D | 21,041 | 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 UnitsF3 | — | Feb 28, 2015 | M | 1,836 | D | — | — | Common Stock | 1,836 | 1,837 | D |
Explanation of responses
- F12. Includes (i) 3,463 restricted stock units, each representing a contingent right to receive one share of HTZ Common Stock that will vest on March 6, 2015, and (ii) 1,302 restricted stock units, each representing a contingent right to receive one share of HTZ Common Stock, 651 of which will vest on July 31, 2015 and July 31, 2016.
- F2Shares withheld to pay tax liabilities incident to the vesting of Performance Stock Units.
- F3Each 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.