Filing Details

Accession Number:
0001144980-13-000028
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-03-20 17:41:22
Reporting Period:
2013-02-22
Filing Date:
2013-03-20
Accepted Time:
2013-03-20 17:41:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1144980 Asbury Automotive Group Inc ABG Retail-Auto Dealers & Gasoline Stations (5500) 010609375
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1458964 Michael Kearney C/O Asbury Automotive Group, Inc.
2905 Premiere Parkway Nw, Suite 300
Duluth GA 30097
Evp & Coo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2013-02-22 9,017 $33.72 90,165 No 4 S Direct
Common Stock Acquisiton 2013-03-18 8,948 $0.00 99,113 No 4 A Direct
Common Stock Disposition 2013-03-18 4,291 $37.19 94,822 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 A Direct
No 4 F Direct
Footnotes
  1. This transaction is being reported late due to an inadvertent administrative oversight.
  2. Repesents the weighted average share price of an aggregate total of 9,017 shares of the Issuer's common stock sold in the price range of $33.70 and $33.77 by the reporting person. The reporting person undertakes to provide upon request by the Commission staff, the Issuer or a security holder, full information regarding the number of shares sold at each separate price.
  3. Represents shares of the Issuer's common stock that vested in connection with an award of performance share units granted to the Reporting Person in February 2012 for the performance period of fiscal year 2012 (the "2012 Period"). The actual number of performance share units that could be earned was contingent upon the achievement by the Issuer of certain performance goals set at the beginning of the 2012 Period. Each performance share unit earned converts into one share of the Issuer's common stock. For the 2012 Period, the Issuer achieved performance resulting in a payout of a number of shares of common stock equal to 130% of target and thus awarded the Reporting Person 26,845 shares of common stock. In order for the Reporting Person to receive these shares, the Reporting Person must be an employee of the Issuer on the first, second and third anniversaries of the grant date. This transaction represents the vesting of the first tranche of this award.
  4. Represents the number of shares of the Issuer's common stock withheld for payment of taxes on performance shares granted on February 15, 2012.