------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response.........0.5 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 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 | | Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print of Type Responses) _______________________________________________________________________________ 1. Name and Address of Reporting Person* Gilman Kenneth B. ------------------------------------------------------------------------------- (Last) (First) (Middle) c/o Asbury Automotive Group, Inc. Three Landmark Square, Suite 500 ------------------------------------------------------------------------------- (Street) Stamford CT 06901 ------------------------------------------------------------------------------- (City) (State) (Zip) _______________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Asbury Automotive Group, Inc. (ABG) _______________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) _______________________________________________________________________________ 4. Statement for Month/Day/Year 11/05/02 11/06/02 _______________________________________________________________________________ 5. If Amendment, Date of Original (Month/Day/Year) _______________________________________________________________________________ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) |X| Director |_| 10% Owner |X| Officer (give title below) |_| Other (specify below) President and Chief Executive Officer ____________________________________________________________________ _______________________________________________________________________________ 7. Individual or Joint/Group Filing (Check Applicable line) |X| Form Filed by One Reporting Person | | Form Filed by More than One Reporting Person _______________________________________________________________________________ =============================================================================== Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned =============================================================================== 5. Amount of 6. 4. Securities Owner- Securities Acquired (A) or Beneficially ship 3. Disposed of (D) Owned Form: 7. 2. Transaction (Instr. 3, 4 and 5) Following Direct Nature of Trans- Code ------------------------------- Reported (D) or Indirect 1. action (Instr. 8) (A) Transaction(s) Indirect Beneficial Title of Security Date ------------ or (Instr. 3 & (I) Ownership (Instr. 3) (mm/dd/yy) Code V Amount (D) Price Instr.4) (Instr.4) (Instr.4) ------------------------------------------------------------------------------------------------------------------------ Common Stock, par value 11/5/02 P 2,000 A $9.025 22,100 (D) $.01 per share per share ------------------------------------------------------------------------------------------------------------------------ Common Stock, par value 11/6/02 P 4,000 A $9.3168 26,100 (D) $.01 per share per share ------------------------------------------------------------------------------------------------------------------------ ======================================================================================================================== 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). FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================ 9. Number 10. of Owner- deriv- ship ative Form 2. Secur- of Conver- 5. 7. ities Deriv- 11. sion Number of Title and Amount Bene- ative Nature or Derivative 6. of Underlying 8. ficially Secur- of Exer- 4. Securities Date Securities Price Owned ity: In- cise Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct Price 3. action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene- 1. of Trans- Code of(D) (Month/Day/Year) Amount ative Reported In- ficial Title of Deriv- action (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner- Derivative ative Date 8) 4 and 5) Date Expira- Number ity action(s) (I) ship Security Secur- (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity yy) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- =========================================================================================================================== Explanation of Responses: KENNETH B. GILMAN /s/ Kenneth B. Gilman 11/07/02 --------------------------------------------- ----------------------- **Signature of Reporting Person Date ** 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.