Kuppuswamy Murali 4
4 · HERTZ GLOBAL HOLDINGS, INC · Filed Jul 11, 2019
Insider Transaction Report
Form 4
Kuppuswamy Murali
EVP, CHRO
Transactions
- Exercise of In-Money
Common Stock
2019-07-09$12.95/sh+1,906$24,683→ 26,532 total - Exercise of In-Money
Subscription Rights (right to buy)
2019-07-09−2,770→ 0 totalExercise: $12.95From: 2019-06-26Exp: 2019-07-12→ Common Stock (1,906 underlying)
Footnotes (3)
- [F1]Represents the exercise by the Reporting Person of 2,770 of his transferable basic subscription rights (each subscription right entitling its holder to purchase 0.688285 shares of HTZ Common Stock at a subscription price equal to $12.95 per whole share), which were distributed to all holders of HTZ Common Stock on a pro rata basis on the June 24, 2019 record date for the rights offering. The Reporting Person will acquire the shares of Common Stock received from the exercise when issued by the Issuer at the expiration of the rights offering on July 12, 2019.
- [F2]Reflects the number of shares of Common Stock following anti-dilutive adjustments to the Reporting Person's outstanding equity awards, pursuant to the terms of such awards, in connection with the Issuer's pro rata distribution of transferable basic subscription rights discussed in footnote 1.
- [F3]Includes (a) 8,085 Performance Stock Units ("PSUs"), each of which represents a contingent right to receive one share of HTZ Common Stock, half of which vest on March 2, 2020 and half of which vest on March 2, 2021, and (b) 9,095 PSUs, each of which represents a contingent right to receive one share of HTZ Common Stock, that vest on the third anniversary of the grant date of March 4, 2019, in each case, subject to the continued employment of the Reporting Person by the Issuer or any subsidiary thereof through each such vesting date.