Sec Form 4 Filing - Milstein Jed @ ASBURY AUTOMOTIVE GROUP INC - 2021-02-07

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Milstein Jed
2. Issuer Name and Ticker or Trading Symbol
ASBURY AUTOMOTIVE GROUP INC [ ABG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP & CHRO
(Last) (First) (Middle)
2905 PREMIERE PARKWAY, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
02/07/2021
(Street)
DULUTH, GA30097
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/07/2021 F 611 ( 1 ) D $ 155.12 13,962 D
Common Stock 02/07/2021 F 346 ( 2 ) D $ 155.12 13,616 D
Common Stock 02/07/2021 M 1,285 ( 3 ) A $ 0 14,901 D
Common Stock 02/07/2021 F 580 ( 4 ) D $ 155.12 14,321 D
Common Stock 02/07/2021 M 1,446 ( 3 ) A $ 0 15,767 D
Common Stock 02/07/2021 F 653 ( 5 ) D $ 155.12 15,114 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Tra nsaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Share Units ( 6 ) 02/07/2021 M 1,285 ( 6 ) ( 6 ) Common Stock 1,285 $ 0 0 D
Performance Share Units ( 7 ) 02/07/2021 M 1,446 ( 7 ) ( 7 ) Common Stock 1,446 $ 0 1,446 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Milstein Jed
2905 PREMIERE PARKWAY
SUITE 300
DULUTH, GA30097
SVP & CHRO
Signatures
/s/George A. Villasana, Attorney In-Fact 02/09/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of restricted share units granted on February 7, 2018.
( 2 )Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of restricted share units granted on February 7, 2019.
( 3 )Represents shares of the Issuer's common stock issued upon the vesting of performance share units granted on February 7, 2018. This transaction represents the vesting of one-third of this award.
( 4 )Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units, and the conversion of such units into shares of the Issuer's common stock, granted on February 7, 2018.
( 5 )Represents the number of shares of the Issuer's common stock withheld for payment of taxes upon the vesting of performance share units, and the conversion of such units into shares of the Issuer's common stock, granted on February 7, 2019.
( 6 )Represents vesting of performance share units upon the Issuer having met certain performance objectives, which objectives were certified as having been met on March 4, 2019. Each performance share unit converts into one share of the Issuer's common stock upon vesting. One-third of the performance share units granted on February 7, 2018 vested upon certification of the objectives having been met, which occurred on March 4, 2019, an additional one-third vested on February 7, 2020 and the remaining one-third vested on February 7, 2021.
( 7 )Represents vesting of performance share units upon the Issuer having met certain performance objectives, which objectives were certified as having been met on March 5, 2020. Each performance share unit converts into one share of the Issuer's common stock upon vesting. One-third of the performance share units granted on February 7, 2019 vested upon certification of the objectives having been met, which occurred on March 5, 2020, an additional one-third vested on February 7, 2021 and the remaining one-third vests on February 7, 2022.

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