|
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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 |
|
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
|
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Cash-Settled Total Return Swap (1) | (3) | 09/27/2027 | Common Stock | 18,866 | $ (4) | I | See Footnote (2) |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Impactive Capital LP 450 WEST 14TH STREET, 12TH FLOOR NEW YORK CITY, NY 10014 |
X | |||
| Impactive Capital LLC 450 WEST 14TH STREET, 12TH FLOOR NEW YORK CITY, NY 10014 |
X | |||
| Asmar Christian 450 WEST 14TH STREET, 12TH FLOOR NEW YORK CITY, NY 10014 |
X | |||
| Wolfe Lauren Taylor 450 WEST 14TH STREET, 12TH FLOOR NEW YORK CITY, NY 10014 |
X | |||
| IMPACTIVE CAPITAL LP, By: Impactive Capital LLC, its general partner, By: /s/ Lauren Taylor Wolfe, Managing Member | 08/16/2024 | |
| **Signature of Reporting Person | Date | |
| IMPACTIVE CAPITAL LLC, By: /s/ Lauren Taylor Wolfe, Managing Member | 08/16/2024 | |
| **Signature of Reporting Person | Date | |
| /s/ Christian Asmar | 08/16/2024 | |
| **Signature of Reporting Person | Date | |
| /s/ Lauren Taylor Wolfe | 08/16/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | This Form 3 is filed jointly by Impactive Capital LP ("Impactive Capital"), Impactive Capital LLC ("Impactive GP"), Christian Asmar and Lauren Taylor Wolfe (collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of her, his or its pecuniary interest therein. |
| (2) | The securities of Asbury Automative Group, Inc. (the "Issuer") reported herein are held directly by certain funds and/or accounts (the "Impactive Funds"). Pursuant to an Investment Management Agreement, the Impactive Funds have delegated all voting and investment power over the securities directly held by the Impactive Funds and their general partners to Impactive Capital, which serves as the investment manager of the Impactive Funds. Impactive GP, as the general partner of Impactive Capital, and each of Mr. Asmar and Ms. Taylor Wolfe, as Managing Members of Impactive GP, may be deemed to exercise voting and investment power over such securities. The Impactive Funds specifically disclaim beneficial ownership of such securities by virtue of their inability to vote or dispose of such securities as a result of such delegation to Impactive Capital. |
| (3) | Impactive Capital has entered into cash-settled total return swap agreements (the "Swaps") with an unaffiliated third party financial institution, which provide Impactive Capital with economic exposure to an aggregate 18,866 notional shares. The Swaps provide Impactive Capital with economic results that are comparable to the economic results of ownership but do not provide Impactive Capital the power to vote or direct the voting or dispose of or direct the disposition of the shares of common stock that are the subject of the Swaps (the "Subject Shares"). The Reporting Persons do not have the right to convert the Swaps into shares of common stock at any time. The Reporting Persons expressly disclaim beneficial ownership of the Subject Shares except to the extent of her, his or its pecuniary interest therein. |
| (4) | The Swaps referenced herein provide for various execution prices ranging from $146.1986 to $150.7997. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of notional shares at each separate execution price for each Swap within the range set forth in this footnote. |