AI assistant
HERC HOLDINGS INC — Director's Dealing 2011
Mar 8, 2011
31205_dirs_2011-03-08_bdf3a0e9-6722-4d42-baa0-fa799da9498e.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HERTZ GLOBAL HOLDINGS INC (HTZ)
CIK: 0001364479
Period of Report: 2011-03-04
Reporting Person: Taride Michel (E.V.P. & Pres. of Hertz Europe)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-03-04 | Common Stock | M | 13979 | — | Acquired | 142989 | Direct |
| 2011-03-04 | Common Stock | F | 7130 | $14.99 | Disposed | 135859 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-03-04 | Performance Stock Units | $ | M | 13979 | Disposed | Common Stock (13979) | Direct |
Footnotes
F1: Represents shares issued to the reporting person in respect of the vesting of the first tranche of Performance Stock Units issued on February 28, 2011.
F2: Shares withheld to pay tax liabilities incident to the vesting of performance stock units.
F3: 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 the recipient's continued employment. The first and second tranches will consist of 25% of the grant and the third tranche will consist of 50% of the grant. The first tranche vested on March 4, 2011, the second tranche will vest on March 4, 2012 and the third tranche will vest on March 4, 2013.