SEC Form 4 · accession 0001140361-15-014164
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
Apr 1, 2015
Accepted (ET)
Apr 2, 2015 · 5:17 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 StockF3,F1 | Apr 1, 2015 | M | 4,571 | $0.00 | A | 24,581 | D | |
| Common StockF2,F1 | Apr 1, 2015 | F | 1,223 | $22.15 | D | 23,358 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Price Vesting UnitsF3 | — | Apr 1, 2015 | M | 4,571 | D | — | — | Common Stock | 4,571 | 4,572 | D |
Explanation of responses
- F1Includes 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 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.