SEC Form 4 · accession 0001140361-15-014163
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
Apr 1, 2015
Accepted (ET)
Apr 2, 2015 · 5:16 pm EDT
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 | Apr 1, 2015 | M | 15,269 | $0.00 | A | 55,168 | D | |
| Common StockF1 | Apr 1, 2015 | F | 4,158 | $22.15 | D | 51,010 | 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 Price Vesting Unit (PVU) represents a contingent right to receive 1 share of HTZ common stock. The PVUs vest in 2 equal tranches upon the certification of achievement of the performance criteria by the Compensation Committee following each of the third and fourth anniversaries of the date of grant. The first tranche vested upon certification by the Compensation Committee on March 31, 2015 that the average of the closing prices of HTZ shares on the 20 trading days ending on March 6, 2015 was greater than $16.5899.