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HERC HOLDINGS INC — Director's Dealing 2011
Mar 1, 2011
31205_dirs_2011-03-01_78799843-54ea-4f84-8151-8c82d4dd95e2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HERTZ GLOBAL HOLDINGS INC (HTZ)
CIK: 0001364479
Period of Report: 2011-02-26
Reporting Person: Sider Scott P (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-26 | Common Stock | F | 7270 | $15.14 | Disposed | 80804 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-02-28 | Performance Stock Units | $ | A | 54291 | Acquired | Common Stock (54291) | Direct | |
| 2011-03-01 | Employee Stock Options (right to purchase) | $14.60 | A | 110759 | Acquired | 2021-03-01 | Common Stock (110759) | Direct |
Footnotes
F1: Shares withheld to pay tax liabilities incident to the vesting of restricted stock units.
F2: Each Performance Stock Unit represents a contingent right to receive one share of HTZ common stock. The performance units vest in three tranches, contingent upon the Recipient's continued employment. The first and second tranches will each consist of 25% of the grant and the third tranche will consist of 50% of the grant. The first tranche will vest on March 4, 2011, the second tranche will vest on March 4, 2012 and the third tranche will vest on March 4, 2013.
F3: The options will vest in four equal installments on the first through fourth anniversaries of the grant date. The first installment will become exercisable on March 1, 2012.