SEC Form 4 · accession 0001140361-16-089490
HERTZ GLOBAL HOLDINGS, INC · HTZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas C Kennedy
Officer — Senior Executive VP & CFO
Period of report
Dec 9, 2016
Accepted (ET)
Dec 13, 2016 · 1:57 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 StockF1 | Dec 9, 2016 | M | 3,467 | — | A | 34,667 | D | |
| Common StockF2 | Dec 9, 2016 | F | 1,226 | $24.18 | D | 33,441 | 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 | — | Dec 9, 2016 | M | 3,467 | D | — | — | Common Stock | 3,467 | 0 | 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 scheduled to vest on December 9, 2016 provided that the Reporting Person (i) remained employed by the Issuer on December 9, 2016 and (ii) had purchased at least 8,200 shares of HTZ common stock on or before December 15, 2013 and retained ownership of such shares of HTZ common stock until December 9, 2016. The Reporting Person acquired 8,200 shares of HTZ common stock prior to December 15, 2013 and retained ownership of 8,200 shares of HTZ common stock as of December 9, 2016.
- F2Shares withheld to pay tax liabilities incident to the vesting of Performance Stock Units.