Douglas Elyse 4
4 · HERTZ GLOBAL HOLDINGS INC · Filed Mar 8, 2013
Insider Transaction Report
Form 4
Douglas Elyse
Executive VP and CFO
Transactions
- Exercise/Conversion
Common Stock
2013-03-06+19,888→ 231,465 total - Exercise/Conversion
Performance Stock Units
2013-03-06−19,888→ 41,829 total→ Common Stock (19,888 underlying) - Tax Payment
Common Stock
2013-03-06$20.34/sh−11,108$225,937→ 220,357 total
Footnotes (3)
- [F1]Each Performance Stock Unit represents a contingent right to receive one share of HTZ common stock. The Performance Stock Units vest in three tranches, contingent upon (a) the recipient's continued employment and (b) EBITDA of the issuer during the 2012 and 2013 fiscal years. The first and second tranches each consist of 25% of the grant and the third tranche will consist of 50% of the grant. The first tranche vested on March 6, 2013, and the second and third tranches will vest on March 6, 2013 and March 6, 2014, respectively.
- [F2]Includes 14,804 shares acquired through the Employee Stock Purchase Plan.
- [F3]Shares withheld to pay tax liabilities incident to the vesting of Performance Stock Units.