SEC Form 4 · accession 0001140361-17-024712
HERC HOLDINGS INC · HRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Carl C Icahn
10% Owner
HIGH RIVER LIMITED PARTNERSHIP
10% Owner
ICAHN PARTNERS LP
10% Owner
ICAHN PARTNERS MASTER FUND LP
10% Owner
Period of report
Jun 8, 2017
Accepted (ET)
Jun 12, 2017 · 5:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001364479
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Forward contract (obligation to purchase)F1,F6,F7 | — | Jun 8, 2017 | J | 1 | A | Jun 8, 2017 | Jun 7, 2019 | Common Stock, par value $0.01 per share ("Shares") | 4,359 | 1 | I |
| Forward contract (obligation to purchase)F2,F6,F8 | — | Jun 8, 2017 | J | 1 | A | Jun 8, 2017 | Jun 7, 2019 | Shares | 17,438 | 2 | I |
| Forward contract (obligation to purchase)F3,F6,F7 | — | Jun 9, 2017 | J | 1 | A | Jun 9, 2017 | Jun 7, 2019 | Shares | 380 | 3 | I |
| Forward contract (obligation to purchase)F4,F6,F8 | — | Jun 9, 2017 | J | 1 | A | Jun 9, 2017 | Jun 7, 2019 | Shares | 980 | 4 | I |
| Forward contract (obligation to purchase)F5,F6,F9 | — | Jun 9, 2017 | J | 1 | A | Jun 9, 2017 | Jun 7, 2019 | Shares | 540 | 5 | I |
Explanation of responses
- F1On June 8, 2017, High River Limited Partnership ("High River") entered into a forward contract providing for the purchase by High River of 4,359 Shares, at a forward price of $35.00 per Share, plus a financing charge. In addition, as part of the purchase price for the Shares, High River paid the counterparty to the forward contract $2.46 per Share upon establishing the forward contract. Subject to High River's right to accelerate the settlement date, the forward contract will settle on June 7, 2019. The forward contract provides for physical settlement, with High River retaining the right to elect cash settlement. The forward contracts do not give High River direct or indirect voting, investment or dispositive control over the Shares to which such contracts relate.
- F2On June 8, 2017, Icahn Partners LP ("Icahn Partners") entered into a forward contract providing for the purchase by Icahn Partners of 17,438 Shares at a forward price of $35.00 per Share, plus a financing charge. In addition, as part of the purchase price for the Shares, Icahn Partners paid the counterparty to the forward contract $2.46 per Share upon establishing the forward contract. Subject to Icahn Partners' right to accelerate the settlement date, the forward contract will settle on June 7, 2019. The forward contract provides for physical settlement, with Icahn Partners retaining the right to elect cash settlement. The forward contracts do not give Icahn Partners direct or indirect voting, investment or dispositive control over the Shares to which such contracts relate.
- F3On June 9, 2017, High River entered into a forward contract providing for the purchase by High River of 380 Shares at a forward price of $35.00 per Share, plus a financing charge. In addition, as part of the purchase price for the Shares, High River paid the counterparty to the forward contract $2.45 per Share upon establishing the forward contract. Subject to High River's right to accelerate the settlement date, the forward contract will settle on June 7, 2019. The forward contract provides for physical settlement, with High River retaining the right to elect cash settlement. The forward contracts do not give High River direct or indirect voting, investment or dispositive control over the Shares to which such contracts relate.
- F4On June 9, 2017, Icahn Partners entered into a forward contract providing for the purchase by Icahn Partners of 980 Shares at a forward price of $35.00 per Share, plus a financing charge. In addition, as part of the purchase price for the Shares, Icahn Partners paid the counterparty to the forward contract $2.45 per Share upon establishing the forward contract. Subject to Icahn Partners' right to accelerate the settlement date, the forward contract will settle on June 7, 2019. The forward contract provides for physical settlement, with Icahn Partners retaining the right to elect cash settlement. The forward contracts do not give Icahn Partners direct or indirect voting, investment or dispositive control over the Shares to which such contracts relate.
- F5On June 9, 2017, Icahn Partners Master Fund LP ("Icahn Master") entered into a forward contract providing for the purchase by Icahn Master of 540 Shares at a forward price of $35.00 per Share, plus a financing charge. In addition, as part of the purchase price for the Shares, Icahn Master paid the counterparty to the forward contract $2.45 per Share upon establishing the forward contract. Subject to Icahn Master's right to accelerate the settlement date, the forward contract will settle on June 7, 2019. The forward contract provides for physical settlement, with Icahn Master retaining the right to elect cash settlement. The forward contracts do not give Icahn Master direct or indirect voting, investment or dispositive control over the Shares to which such contracts relate.
- F6Barberry Corp. ("Barberry"), is the sole member of Hopper Investments LLC ("Hopper"), which is the general partner of High River. Beckton Corp. ("Beckton") is the sole stockholder of Icahn Enterprises G.P. Inc. ("Icahn Enterprises GP"), which is the general partner of Icahn Enterprises Holdings L.P. ("Icahn Enterprises Holdings"). Icahn Enterprises Holdings is the sole member of IPH GP LLC ("IPH"), which is the general partner of Icahn Capital LP ("Icahn Capital"). Icahn Capital is the general partner of each of Icahn Onshore LP ("Icahn Onshore") and Icahn Offshore LP ("Icahn Offshore"). Icahn Onshore is the general partner of Icahn Partners. Icahn Offshore is the general partner of Icahn Master.
- F7Each of Barberry and Beckton is 100 percent owned by Carl C. Icahn. As such, Mr. Icahn is in a position indirectly to determine the investment and voting decisions made by each of High River, Icahn Partners and Icahn Master. Each of Hopper, Barberry and Mr. Icahn may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which High River owns. Each of Hopper, Barberry and Mr. Icahn disclaims beneficial ownership of such Shares except to the extent of their pecuniary interest therein.
- F8Each of Icahn Onshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which Icahn Partners owns. Each of Icahn Onshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn disclaims beneficial ownership of such Shares except to the extent of their pecuniary interest therein.
- F9Each of Icahn Offshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which Icahn Master owns. Each of Icahn Offshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn disclaims beneficial ownership of such Shares except to the extent of their pecuniary interest therein.