|
FORM 4
[ ] Check this box if no longer
subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print or Type Responses) |
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 |
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response. . . . . 0.5 |
|
1. Name and Address of Reporting Person*
Jones, Don H.
(Last) (First) (Middle)
360 E. Jackson St.
(Street)
Medford, OR 97501
(City) (State) (Zip)
|
2. Issuer Name and Ticker or Trading Symbol Lithia Motors, Inc. LAD
|
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable) Director
10% Owner
X Officer
Other
Senior Vice President, Retail Operations
7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
|
|
|
3. I.R.S. Identification
Number of Reporting Person, if an entity (voluntary) |
4. Statement for Month/Day/Year March 13, 2003
5. If Amendment,
Date of Original (Month/Day/Year) |
||
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
|
1. Title of Security (Instr. 3) |
2. Transaction Date
(Month/Day/Year) |
2A. Deemed
Execution Date, if any (Month/Day/Year) |
3. Transaction Code and Voluntary Code (Instr. 8) Code | V
|
4. Securities Acquired (A) or Disposed (D) Of (Instr. 3, 4, and 5) Amount | A/D | Price
|
5. Amount of
Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) |
6. Owner-
ship Form: Direct(D) or Indirect (I) (Instr. 4) |
7. Nature of
Indirect Beneficial Ownership (Instr. 4) |
|
Class A Common
|
03/11/2003
|
|
P |
|
3,000.00 | A | $11.00
|
18,827.00 |
D
|
|
|
Class A Common
|
|
|
|
|
7,504.00 |
I
|
By 401(k)
|
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
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. |
(over)
SEC 1474 (9-02) |
| Jones, Don H. - March 13, 2003 |
| Form 4 (continued) |
|
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. Conver-
sion or Exercise Price of Deri- vative Security |
3. Transaction
Date (Month/ Day/ Year) |
3A. Deemed
Execution Date, if any (Month/ Day/ Year) |
4. Transaction
Code and Voluntary (V) Code (Instr.8) Code | V
|
5. Number of Derivative Securities Acquired (A) or Disposed (D) Of (Instr. 3,4 and 5) |
6. Date Exercisable(DE) and
Expiration Date(ED) (Month/Day/Year) (DE) | (ED)
|
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 Transactions (Instr.4) |
10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr.4) |
11. Nature of Indirect Beneficial Ownership (Instr.4) |
|
Stock Option (1996) (ISO) (right to buy) |
$3.02 |
|
|
|
|
(1) | 04/05/2004
|
Class A Common - 8,220.00 |
|
8,220.00 |
D
|
|
|
Stock Option (1997) (NQ) (right to buy) |
$1.00 |
|
|
|
|
(2) | 12/31/2005
|
Class A Common - 3,636.00 |
|
3,636.00 |
D
|
|
|
Stock Option (1998) (ISO) (right to buy) |
$14.75 |
|
|
|
|
01/01/2003 | 12/31/2005
|
Class A Common - 4,000.00 |
|
4,000.00 |
D
|
|
|
Stock Option (1998) (NQ) (right to buy) |
$1.00 |
|
|
|
|
(2) | 12/31/2008
|
Class A Common - 1,935.00 |
|
1,935.00 |
D
|
|
|
Stock Option (1999) (ISO) (right to buy) |
$16.50 |
|
|
|
|
01/01/2004 | 01/01/2009
|
Class A Common - 4,000.00 |
|
4,000.00 |
D
|
|
|
Stock Option (2000) (ISO) (right to buy) |
$16.75 |
|
|
|
|
01/06/2005 | 01/06/2010
|
Class A Common - 4,000.00 |
|
4,000.00 |
D
|
|
|
Stock Option (2000a) (ISO) (right ot buy) |
$16.75 |
|
|
|
|
(3) | 01/06/2010
|
Class A Common - 14,446.00 |
|
14,446.00 |
D
|
|
|
Stock Option (2000c) (NQ) (right to buy) |
$16.75 |
|
|
|
|
(4) | 01/06/2010
|
Class A Common - 5,554.00 |
|
5,554.00 |
D
|
|
|
Stock Option (2001iso) (right to buy) |
$19.24 |
|
|
|
|
12/26/2006 | 12/26/2011
|
Class A Common - 5,197.00 |
|
5,197.00 |
D
|
|
|
Jones, Don H. - March 13, 2003 Form 4 (continued)
|
|||||||||||
|
1. Title of Derivative Security
(Instr. 3) |
2. Conver-
sion or Exercise Price of Deri- vative Security |
3. Transaction
Date (Month/ Day/ Year) |
3A. Deemed
Execution Date, if any (Month/ Day/ Year) |
4. Transaction
Code and Voluntary (V) Code (Instr.8) Code | V
|
5. Number of Derivative Securities Acquired (A) or Disposed (D) Of (Instr. 3,4 and 5) |
6. Date Exercisable(DE) and
Expiration Date(ED) (Month/Day/Year)
(DE) | (ED)
|
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 Transactions (Instr.4) |
10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr.4) |
11. Nature of Indirect Beneficial Ownership (Instr.4) |
|
Stock Option (2002iso) (right to buy) |
$15.13 |
|
|
|
|
12/26/2007 | 12/26/2012
|
Class A Common - 6,609.00 |
|
6,609.00 |
D
|
|
|
Stock Option (2002nq) (right to buy) |
$15.13 |
|
|
|
|
12/26/2007 | 12/26/2012
|
Class A Common - 1,391.00 |
|
1,391.00 |
D
|
|
|
Stock Option (2001) (NQ) (right to buy) |
$1.00 |
|
|
|
|
12/26/2005 | 12/26/2010
|
Class A Common - 8,000.00 |
|
8,000.00 |
D
|
|
|
Stock Option (2001nq) (right to buy) |
$19.24 |
|
|
|
|
12/26/2006 | 12/26/2011
|
Class A Common - 2,803.00 |
|
2,803.00 |
D
|
|
|
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. |
By: Cliff E. Spencer 03-13-2003 ** Signature of Reporting Person Date Cliff E. Spencer, Attorney-in-Fact for Don H. Jones Page 2
|
| Jones, Don H. - March 13, 2003 |
| Form 4 (continued) |
|
FOOTNOTE Descriptions for Lithia Motors, Inc. LAD Form 4 - March 2003 Don H. Jones
360 E. Jackson St. Medford, OR 97501 Explanation of responses: (1) Beginning on the1st anniversary of the grant date, the options vest as to 20% of the total grant on each of the 1st through the 5th anniversaries. (2) The options vest as to 20% of the total grant on the date of grant and 20% each anniversary date thereafter. (3) The option vests as follows: 4,000 on 1/6/01; 4,000 on 1/6/02; 2,447 on 1/6/03; 2,029 on 1/6/04 and 1,970 on 1/6/05 (4) The options vest as follows: 1,553 on 1/6/03; 1,971 on 1/6/04; and 2,030 on 1/6/05 |
| Page 3 |