SEC Form 4 · accession 0001140361-15-027674
HERC HOLDINGS INC · HRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michel Taride
Officer — Group President RAC Internatio
Period of report
Jul 13, 2015
Accepted (ET)
Jul 15, 2015 · 7:53 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 StockF1 | Jul 13, 2015 | M | 7,999 | — | A | 173,414 | D | |
| Common StockF2 | Jul 13, 2015 | F | 3,760 | $16.97 | D | 169,654 | D | |
| Common StockF3 | Jul 13, 2015 | M | 7,897 | — | A | 177,551 | D | |
| Common StockF2 | Jul 13, 2015 | F | 3,712 | $16.97 | D | 173,839 | 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 UnitsF1 | — | Jul 13, 2015 | M | 7,999 | D | — | — | Common Stock | 7,999 | 54,318 | D |
| Performance Stock UnitsF3 | — | Jul 13, 2015 | M | 7,897 | D | — | — | Common Stock | 7,897 | 46,421 | D |
Explanation of responses
- F1Each 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 in part to achievement of financial performance goals during 2013 and/or combined 2013 - 2014. The Performance Stock Units vest in three tranches, with 33 1/3% of the award earned, based on achievement of financial performance goals during 2013, 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. Based on achievement of combined 2013 - 2014 financial performance goals, additional Performance Stock Units may vest on the second and third anniversaries of the grant date.
- 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 2012 and the amount of Performance Stock Units eligible for vesting was based on achievement of financial performance goals during combined 2012 - 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.