SEC Form 4 · accession 0001104659-18-015339
HERTZ GLOBAL HOLDINGS, INC · HTZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michel Taride
Officer — Group President, RAC Int'l
Period of report
Mar 2, 2018
Accepted (ET)
Mar 6, 2018 · 9:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001657853
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 2, 2018 | M | 4,806 | $0.00 | A | 48,373 | D | |
| Common Stock | Mar 2, 2018 | F | 2,259 | $18.69 | D | 46,114 | D | |
| Common Stock | Mar 2, 2018 | M | 14,101 | $0.00 | A | 60,215 | D | |
| Common Stock | Mar 2, 2018 | F | 6,628 | $18.69 | D | 53,587 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted StockF1 | — | Mar 2, 2018 | M | 4,806 | D | — | — | Common Stock | 4,806 | 9,615 | D |
| Employee Stock OptionF2 | $17.73 | Mar 3, 2018 | A | 31,385 | A | — | Mar 2, 2025 | Common Stock | 31,385 | 31,385 | D |
| Performance Stock UnitF3 | — | Mar 2, 2018 | J | 14,101 | A | — | — | Common Stock | 14,101 | 0 | D |
Explanation of responses
- F1These shares of restricted stock were granted in 2017 and we earned based on achieving revenue goals for 2017. The first tranche vested on March 2, 2018 after the certification of performance for the restricted stock. The remaining tranches will vest on the second and third anniversaries of the date of grant, subject to continued employment.
- F2These stock options were granted on March 2, 2018 and will vest 25% on each anniversary of the date of grant, subject to the reporting person's continued employment.
- F3These performance stock units were granted and vested on March 2, 2018 in connection with the Company's payments under its 2017 annual bonus plan. The performance stock units were granted in lieu of providing a cash bonus to the reporting person earned for 2017 performance.