Joseph T. Lower - 01 Mar 2022 Form 4 Insider Report for AUTONATION, INC. (AN)

Role: EVP & CFO
Signature: /s/ C. Coleman Edmunds, Attorney-in-Fact
Issuer symbol: AN
Transactions as of: 01 Mar 2022
Net transactions value: -$1,083,907
Form type: 4
Filing time: 03 Mar 2022, 17:54:44 UTC
Previous filing: 17 Feb 2022
Next filing: 03 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AN	Common Stock, par value $0.01 per share	Options Exercise		+13,435	+94%		27,785	01 Mar 2022	Direct	F1
transaction	AN	Common Stock, par value $0.01 per share	Options Exercise		+6,814	+25%		34,599	01 Mar 2022	Direct	F1
transaction	AN	Common Stock, par value $0.01 per share	Options Exercise		+4,154	+12%		38,753	01 Mar 2022	Direct	F1
transaction	AN	Common Stock, par value $0.01 per share	Tax liability	$1,083,907	-9,604	-25%	$112.86	29,149	01 Mar 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AN	Restricted Stock Units	Options Exercise	$0	-13,435	-50%	$0.000000	13,435	01 Mar 2022	Common Stock, par value $0.01 per share	13,435		Direct	F1, F2
transaction	AN	Restricted Stock Units	Options Exercise	$0	-6,814	-33%	$0.000000	13,627	01 Mar 2022	Common Stock, par value $0.01 per share	6,814		Direct	F1, F3
transaction	AN	Restricted Stock Units	Options Exercise	$0	-4,154	-25%	$0.000000	12,462	01 Mar 2022	Common Stock, par value $0.01 per share	4,154		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of AutoNation common stock, or at AutoNation's election, the cash value thereof.
F2	The reporting person received a grant of 40,305 restricted stock units on January 13, 2020. The restricted stock units vest in one-third annual increments on each of March 1, 2021, March 1, 2022 and March 1, 2023. Each restricted stock unit represents a contingent right to receive one share of AutoNation common stock, or at AutoNation's election, the cash value thereof.
F3	The reporting person received a grant of 27,254 restricted stock units on March 2, 2020. The restricted stock units vest in 25% annual increments on each of March 2, 2021, March 1, 2022, March 1, 2023 and March 1, 2024. Each restricted stock unit represents a contingent right to receive one share of AutoNation common stock, or at AutoNation's election, the cash value thereof.
F4	The reporting person received a grant of 16,616 restricted stock units on March 1, 2021. The restricted stock units vest in 25% annual increments on each of the first four anniversaries of March 1, 2021. Each restricted stock unit represents a contingent right to receive one share of AutoNation common stock, or at AutoNation's election, the cash value thereof.