SEC Form 4 · accession 0001140361-16-077532
HERC HOLDINGS INC · HRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christian J Cunningham
Officer — SVP & Chief HR Officer
Period of report
Aug 18, 2016
Accepted (ET)
Aug 22, 2016 · 9:47 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,F2 | Aug 18, 2016 | A | 7,684 | $0.00 | A | 14,798 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF3 | $33.19 | Aug 18, 2016 | A | 17,895 | A | — | Aug 18, 2023 | Common Stock | 17,895 | 17,895 | D |
Explanation of responses
- F1Award of 7,684 restricted stock units, each of which represents the right to receive one share of the Issuer's common stock on the vesting date of August 18, 2019, subject to the terms and conditions of the restricted stock unit agreement.
- F2The common stock reported in this column consists of 147 shares of common stock as well as (i) 2,043 restricted stock units granted on April 29, 2015 and scheduled to vest ? on September 8, 2016 and the remaining ? on September 8, 2017, subject to the terms and conditions set forth in the applicable restricted stock unit agreement, (ii) 4,924 restricted stock units granted on March 4, 2016 and scheduled to vest on March 4, 2019, subject to the terms and conditions set forth in the applicable restricted stock unit agreement, and (iii) 7,684 restricted stock units reported in the current transaction. The 147 shares of common stock represent the number of shares previously reported as held by the Reporting Person after adjustment for the 1-for-15 reverse stock split. Similarly, the number of restricted stock units in (i) and (ii) were previously reported, but have now been adjusted to reflect the equitable conversion of the outstanding awards as of the spin-off date.
- F3The stock options become exercisable in four equal installments on each of the first four anniversaries of the grant date, subject to the terms and conditions of the employee stock option agreement.
Remarks
Exhibit List Exhibit 24 - Power of Attorney