<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark One)
/X/ ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (NO FEE REQUIRED, AS OF OCTOBER 7, 1996)
For the fiscal year ended December 31, 1999
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
Commission file number 001-13461
---------
A. Full title of the plan and address of the plan, if different from that of
the issuer named below:
Group 1 Automotive, Inc. 401(k) Savings Plan
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
Group 1 Automotive, Inc.
950 Echo Lane, Suite 350
Houston, Texas 77024
<PAGE> 2
REQUIRED INFORMATION
The Group 1 Automotive, Inc. 401K Savings Plan(the "Plan") is subject
to the Employee Retirement Income Security Act of 1974.
Item 4. In lieu of the requirements of Items 1, 2 and 3 of this Form
11-K, the following financial statements of the Plan, notes thereto, and Report
of Independent Auditors thereon are being filed in this Report:
(a) Report of Independent Auditors
(b) Statement of Net Assets available for Benefits - December 31,
1999
(c) Statement of Changes in Net Assets available for Benefits -
period July 1, 1999 to December 31, 1999; and
(d) Notes to Financial Statements.
The Consent of Independent Auditors to the incorporation by reference
of the foregoing financial statements in the Registration Statement on Form S-8
(No. 333-80399) pertaining to the Plan is being filed as Exhibit 23.1 to this
Report.
<PAGE> 3
GROUP 1 AUTOMOTIVE, INC.
401(k) SAVINGS PLAN
Houston, Texas
FINANCIAL STATEMENTS
December 31, 1999
CONTENTS
<TABLE>
<S> <C>
REPORT OF INDEPENDENT AUDITORS ............................................ 1
FINANCIAL STATEMENTS
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS ....................... 2
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE
FOR BENEFITS ....................................................... 3
NOTES TO FINANCIAL STATEMENTS ........................................ 4
SUPPLEMENTAL SCHEDULES
SCHEDULE OF NONEXEMPT TRANSACTIONS.................................... 8
SCHEDULE OF ASSETS HELD FOR INVESTMENT
PURPOSES AT END OF YEAR............................................. 25
</TABLE>
<PAGE> 4
--------------------------------------------------------------------------------
REPORT OF INDEPENDENT AUDITORS
Plan Administrator
Group 1 Automotive, Inc. 401(k) Savings Plan
Houston, Texas
We have audited the accompanying statement of net assets available for benefits
of Group 1 Automotive, Inc. 401(k) Savings Plan (the Plan) as of December 31,
1999 and the related statement of changes in net assets available for benefits
for the period July 1, 1999 to December 31, 1999. These financial statements are
the responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Plan as of
December 31, 1999 and the changes in net assets available for benefits for the
period July 1, 1999 to December 31, 1999 in conformity with generally accepted
accounting principles.
Our audit was conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of nonexempt
transactions and assets held for investment purposes at end of year are
presented for the purpose of additional analysis and are not a required part of
the basic financial statements but are supplementary information required by the
Department of Labor's Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974. The supplemental schedules
have been subjected to the auditing procedures applied in the audit of the basic
financial statements and, in our opinion, are fairly stated in all material
respects in relation to the basic financial statements taken as a whole.
/s/ CROWE, CHIZEK AND COMPANY LLP
------------------------------
Crowe, Chizek and Company LLP
South Bend, Indiana
July 10, 2000
--------------------------------------------------------------------------------
1.
<PAGE> 5
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 1999
--------------------------------------------------------------------------------
<TABLE>
<S> <C>
ASSETS
Investments (Note 4) $ 14,117,932
Receivables
Employer contribution 86,096
Participant contributions 270,428
Transfers from other plans (Note 3) 7,051,491
-------------
7,408,015
-------------
NET ASSETS AVAILABLE FOR BENEFITS $ 21,525,947
=============
</TABLE>
--------------------------------------------------------------------------------
See accompanying notes to financial statements.
2.
<PAGE> 6
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
Period July 1, 1999 to December 31, 1999
--------------------------------------------------------------------------------
<TABLE>
<S> <C>
ADDITIONS TO NET ASSETS ATTRIBUTED TO:
Investment income
Net appreciation in fair value of investments (Note 4) $ 508,372
Interest and dividends 457,162
------------
965,534
Contributions
Employer's 191,855
Participants 1,041,076
Rollovers 273,566
------------
1,506,497
Transfers from other plans (Note 3) 19,216,195
------------
Total additions 21,688,226
DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:
Benefits paid to participants 161,784
Administrative expenses 495
------------
Total deductions 162,279
------------
NET INCREASE 21,525,947
Net assets available for benefits
Beginning of period --
------------
End of period $ 21,525,947
============
</TABLE>
--------------------------------------------------------------------------------
See accompanying notes to financial statements.
3.
<PAGE> 7
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
--------------------------------------------------------------------------------
NOTE 1 - DESCRIPTION OF PLAN
The following description of the Group 1 Automotive, Inc. (Company or Sponsor)
401(k) Savings Plan (Plan) provides only general information. Participants
should refer to the Plan agreement for a more complete description of the Plan's
provisions.
General: The Plan is a defined contribution plan, adopted July 1, 1999, covering
all full-time employees of the Company who have six months of service and are
age eighteen or older and seasonal employees who have one year of service and
are age eighteen or older. It is subject to the provisions of the Employee
Retirement Income Security Act of 1974 (ERISA).
Contributions: Each year, participants may contribute up to 15% of pretax annual
eligible compensation, as defined in the Plan. Participants may also contribute
amounts representing distributions from other qualified defined benefit or
defined contribution plans. Participants direct the investment of their
contributions into various investment options offered by the Plan. The Company
may contribute a discretionary amount based on the amount the participant
contributes to the Plan. The Board of Directors shall determine, by business
unit, whether employer matching contributions will be made for the plan year,
the matching percentage, and the percentage of a participant's compensation upon
which the match shall be based. The matching Company contribution may be in the
form of cash or shares of Company Stock or a combination. Contributions are
subject to certain limitations. Certain Plan administrative costs have been paid
by the Company.
Participant Accounts: Each participant's account is credited with the
participant's contribution and allocation of (a) the Company's contribution, and
b) Plan earnings, and charged with an allocation of administrative expenses.
Allocations are based on participant earnings or account balances, as defined.
The benefit to which a participant is entitled is the benefit that can be
provided from the participant's vested account.
Retirement, Death and Disability: A participant is entitled to 100% of his or
her account balance upon retirement, death or disability.
Vesting: Participants are immediately vested in their contributions plus actual
earnings thereon. Vesting in the remainder of their account plus earnings
thereon is based on years of continuous service. A participant is 100% vested
after five years of credited service.
Payment of Benefits: On termination of service due to death, disability, or
retirement, a participant will receive a lump-sum amount equal to the value of
the participant's vested interest in his or her account. The participant may
elect to have the distribution received in cash or in shares of Company stock.
--------------------------------------------------------------------------------
(Continued)
4.
<PAGE> 8
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
--------------------------------------------------------------------------------
NOTE 1 - DESCRIPTION OF PLAN (Continued)
In-service Withdrawals: A participant may withdraw from his of her rollover
contribution account any or all amounts held in such account at any time. A
participant who has attained age 59 1/2 may withdraw from his or her account an
amount not exceeding his or her vested account balance. A participant who has
suffered financial hardship may withdraw the lesser of his or her vested account
balance or the amount of financial hardship as defined in the Plan.
Loan Provisions: Participants may borrow from their fund accounts the lesser of
50% of their vested account balance or $50,000. The loans are secured by the
balance in the participant's account and bear interest.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Investment Valuation and Income Recognition: The Plan's investments are stated
at fair value. Quoted market prices are used to value investments. Shares of
mutual funds are valued at the net asset value of shares held by the Plan at
year end.
Purchases and sales of securities are recorded on a trade-date basis. Interest
income is recorded on the accrual basis. Dividends are recorded on the
ex-dividend date.
Basis of Accounting: The financial statements are prepared on the accrual basis
of accounting.
Estimates: The preparation of financial statements in conformity with generally
accepted accounting principles requires the plan administrator to make estimates
and assumptions that affect certain reported amounts and disclosures, and actual
results may differ from these estimates. It is at least reasonably possible that
a significant change may occur in the near term for the estimates of investment
valuation.
NOTE 3 - TRANSFERS FROM OTHER PLANS
During 1999, eleven qualified plans of the Sponsor were merged into the Plan.
The participants of the other plans became participants of this plan as of the
date of the merger. The assets of the other plans were transferred to the Plan
after the merger date. The assets of two of the plans were in transit at year
end. The trustee of the Plan received these assets on January 3, 2000, and these
amounts are reflected as receivables on the financial statements as of December
31, 1999. The assets of two of the plans were not transferred until February and
April 2000, and the assets of those two plans, approximately $1,800,000, are not
included in these financial statements.
--------------------------------------------------------------------------------
(Continued)
5.
<PAGE> 9
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
--------------------------------------------------------------------------------
NOTE 4 - INVESTMENTS
The following presents investments that represent 5% or more of the Plan's net
assets:
<TABLE>
<S> <C>
Massachusetts Investors Growth Stock Fund, 233,594 units $ 4,748,957
Merrill Lynch Equity Index Trust, 24,845 units 2,514,265
Federated International Equity Fund, 54,945 units 1,701,645
Van Kampen American Value Fund, 67,345 units 1,584,625
Merrill Lynch Retirement Preservation Trust, 1,463,331 units 1,463,331
</TABLE>
During 1999, the Plan's investments (including gains and losses on investments
bought and sold, as well as held during the year) appreciated in value by
$508,372 as follows:
<TABLE>
<S> <C>
Mutual funds $ 461,771
Common/Collective Funds 75,924
Common Stock (29,323)
-----------
$ 508,372
===========
</TABLE>
NOTE 5 - PLAN TERMINATION
Although it has not expressed any intent to do so, the Company has the right
under the Plan to discontinue its contributions at any time and to terminate the
Plan subject to the provisions of ERISA. In the event of plan termination,
participants would become 100% vested in the employer contributions.
NOTE 6 - PARTIES-IN-INTEREST
Parties-in-interest are defined under Department of Labor regulations as any
fiduciary of the Plan, any party rendering service to the Plan, the employer and
certain others. Merrill Lynch Trust Company is the trustee as defined by the
Plan and, therefore, these transactions qualify as party-in-interest
transactions. Fees paid by the Plan to Merrill Lynch for services rendered
amounted to $495 for the period ended December 31, 1999.
The Plan held the following party-in-interest investments:
<TABLE>
<S> <C>
Group 1 Automotive, Inc. 7,603 shares of common stock $ 105,964
Merrill Lynch Retirement Preservation Trust 1,463,331
Merrill Lynch Equity Index Trust 2,514,265
</TABLE>
--------------------------------------------------------------------------------
(Continued)
6.
<PAGE> 10
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 1999
--------------------------------------------------------------------------------
NOTE 7 - TAX STATUS
The Plan will be applying for a determination letter from the Internal Revenue
Service. Although the Plan has not yet requested or received a favorable
determination letter, the plan administrator believes the Plan is currently
designed and is operated in compliance with the applicable requirements of the
Internal Revenue Code. Therefore, they believe that the Plan was qualified and
the related trust was tax-exempt as of the financial statement date.
There are some issues related to timeliness of remitting participant deferrals
to the Plan which may indicate operational deficiencies in the Plan's compliance
with the applicable qualification sections of the Internal Revenue Code.
Management has indicated its intent to address these issues and correct these
issues in accordance with the procedures prescribed by the Internal Revenue
Service.
NOTE 8 - SUBSEQUENT EVENT
During 2000, three additional qualified retirement plans related to the Sponsor
were merged with the Plan. Approximately $3,500,000 of assets were transferred
into the Plan as a result of these plan mergers through July 10, 2000.
--------------------------------------------------------------------------------
7.
<PAGE> 11
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for August 1999 of $12,749 were not deposited into
the Plan by the Plan Sponsor until September 22, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $12,749
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $12,749
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for September 1999 of $11,417 were not deposited
into the Plan by the Plan Sponsor until October 26, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $11,417
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $11,417
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
8.
<PAGE> 12
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for October 1999 of $8,917 were not deposited into
the Plan by the Plan Sponsor until April 25, 2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $8,917
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $8,917
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for December 1999 of $5,712 were not deposited into
the Plan by the Plan Sponsor until January 27, 2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $5,712
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $5,712
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
9.
<PAGE> 13
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for June 1999 of $38,933 were not deposited into
the Plan by the Plan Sponsor until July 29, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $38,933
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $38,933
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee loan repayments for June 1999 of $7,338 were not deposited into
the Plan by the Plan Sponsor until August 23, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $7,338
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $7,338
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
10.
<PAGE> 14
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for July 1999 of $956 were not deposited into the
Plan by the Plan Sponsor until September 7, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $956
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $956
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for July 1999 of $22,623 were not deposited into
the Plan by the Plan Sponsor until September 8, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $22,623
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $22,623
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
11.
<PAGE> 15
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for July 1999 of $11,740 were not deposited into
the Plan by the Plan Sponsor until September 10, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $11,740
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $11,740
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee loan repayments for July 1999 of $4,627 were not deposited into
the Plan by the Plan Sponsor until September 13, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $4,627
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $4,627
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
12.
<PAGE> 16
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee loan repayments for July 1999 of $2,011 were not deposited into
the Plan by the Plan Sponsor until September 21, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $2,011
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $2,011
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals of $17,137 and loan repayments of $1,692 for August
1999 were not deposited into the Plan by the Plan Sponsor until September
22, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $18,829
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $18,829
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
13.
<PAGE> 17
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals of $20,335 and loan repayments of $4,460 for August
1999 were not deposited into the Plan by the Plan Sponsor until September
23, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $24,795
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $24,795
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals of $35,129 and loan repayments of $5,359 for
September 1999 were not deposited into the Plan by the Plan Sponsor until
November 12, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $40,488
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $40,488
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
14.
<PAGE> 18
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals of $13,707 and loan repayments of $1,039 for
September 1999 were not deposited into the Plan by the Plan Sponsor until
November 12, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $14,746
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $14,746
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals of $8,182 and loan repayments of $1,644 for
November 1999 were not deposited into the Plan by the Plan Sponsor until
December 23, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $9,826
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $9,826
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
15.
<PAGE> 19
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals of $29,451 and loan repayments of $5,574 for
December 1999 were not deposited into the Plan by the Plan Sponsor until
January 24, 2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $35,025
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $35,025
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals of $5,552 and loan repayments of $190 for December
1999 were not deposited into the Plan by the Plan Sponsor until January 25,
2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $5,742
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $5,742
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
16.
<PAGE> 20
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals of $7,748 and loan repayments of $2,076 for
December 1999 were not deposited into the Plan by the Plan Sponsor until
January 26, 2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $9,824
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $9,824
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals of $24,120 and loan repayments of $1,698 for
December 1999 were not deposited into the Plan by the Plan Sponsor until
February 1, 2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $25,818
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $25,818
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
17.
<PAGE> 21
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals of $9,134 and loan repayments of $2,112 for
December 1999 were not deposited into the Plan by the Plan Sponsor until
February 3, 2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $11,246
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $11,246
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for August 1999 of $25,792 were not deposited into
the Plan by the Plan Sponsor until October 12, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $25,792
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $25,792
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
18.
<PAGE> 22
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for September 1999 of $30,677 were not deposited
into the Plan by the Plan Sponsor until November 8, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $30,677
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $30,677
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for November 1999 of $27,943 were not deposited
into the Plan by the Plan Sponsor until December 23, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $27,943
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $27,943
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
19.
<PAGE> 23
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for December 1999 of $13,905 were not deposited
into the Plan by the Plan Sponsor until February 3, 2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $13,905
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $13,905
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for November 1999 of $11,456 were not deposited
into the Plan by the Plan Sponsor until December 28, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $11,456
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $11,456
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
20.
<PAGE> 24
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for December 1999 of $13,077 were not deposited
into the Plan by the Plan Sponsor until February 7, 2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $13,077
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $13,077
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals of $20,791 and loan repayments of $4,780 for
October and November 1999 were not deposited into the Plan by the Plan
Sponsor until December 27, 1999
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $25,571
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $25,571
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
21.
<PAGE> 25
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals of $15,721 and loan repayments of $2,927 for
December 1999 were not deposited into the Plan by the Plan Sponsor until
January 26, 2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $18,648
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $18,648
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for December 1999 of $2,768 were not deposited into
the Plan by the Plan Sponsor until January 31, 2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $2,768
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $2,768
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
22.
<PAGE> 26
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for October 1999 of $3,042 were not deposited into
the Plan by the Plan Sponsor until February 4, 2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $3,042
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $3,042
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for November 1999 of $2,654 were not deposited into
the Plan by the Plan Sponsor until February 11, 2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $2,654
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $2,654
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
(Continued)
23.
<PAGE> 27
GROUP 1 AUTOMOTIVE, INC. 401(k) SAVINGS PLAN
SCHEDULE OF NONEXEMPT TRANSACTIONS
December 31, 1999
--------------------------------------------------------------------------------
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
(a) IDENTITY OF PARTY INVOLVED
Group 1
(b) RELATIONSHIP TO PLAN, EMPLOYER, OR OTHER PARTY-IN INTEREST
Plan Sponsor
(c) DESCRIPTION TO TRANSACTIONS INCLUDING MATURITY DATE, RATE OF INTEREST,
COLLATERAL, PAR OR MATURITY VALUE
Employee wage deferrals for December 1999 of $3,057 were not deposited into
the Plan by the Plan Sponsor until February 11, 2000
(d) PURCHASE PRICE (h) COST OF ASSET
$ - $3,057
(e) SELLING PRICE (i) CURRENT VALUE OF ASSET
$ - $3,057
(f) LEASE RENTAL (j) NET GAIN OR (LOSS) ON EACH TRANSACTION
$ - $ -
(g) EXPENSES INCURRED IN CONNECTION WITH TRANSACTION
$ -
--------------------------------------------------------------------------------
24.
<PAGE> 28
ATTACHMENT TO FORM 5500, SCHEDULE H, PART IV, LINE 4i
Name of Plan Sponsor: Group 1 Automotive, Inc.
--------------------------------------
Employer Identification Number: 76-0506313
----------------------------
Three-Digit Plan Number: 001
-----------------------------------
<TABLE>
<CAPTION>
(c)
Description of Investment
(b) Including Maturity Date, (e)
Identity of Issue Rate of Interest, Par or (d) Current
(a) or Borrower Maturity Value Cost Value
------------------ ------------------------- ------ -----------
<S> <C> <C> <C>
Hotchkis and Wiley Total Return Bond
Fund Mutual Fund, # $ 401,094
32,191 units
* Group 1 Automotive Stock Common Stock, # 105,964
7,603 shares
Massachusetts Investors Growth Stock
Fund Mutual Fund, # 4,748,957
233,594 units
* Merrill Lynch Retirement Preservation
Trust Collective Trust, # 1,463,331
1,463,331 units
Van Kampen American Value Fund Mutual Fund, # 1,584,625
67,345 units
Black Rock Balanced Portfolio Mutual Fund, # 927,258
44,644 units
Federated International Equity Fund Mutual Fund, # 1,701,645
54,945 units
* Merrill Lynch Equity Index Trust Collective Trust, # 2,514,265
24,845 units
Participant Loans Interest rates ranging
from 4.5% to 13% # 670,793
-----------
$14,117,932
===========
</TABLE>
* denotes party-in-interest
# All investments are participant directed so cost information is not required.
--------------------------------------------------------------------------------
25.
<PAGE> 29
SIGNATURES
THE PLAN. Pursuant to the requirements of the Securities Exchange Act of
1934, the Company (or other persons who administer the employee benefit plan)
has duly caused this annual report to be signed on its behalf by the undersigned
hereunto duly authorized.
Group 1 Automotive, Inc.
401(k) Savings Plan
-----------------------------------
Date: July 13, 2000 By: /s/ Brooks O'Hara
Brooks O'Hara
Vice President, Human Resources
Plan Administrator
--------------------------------------------------------------------------------
26.
<PAGE> 30
EXHIBIT INDEX
Exhibit
No. Description
------- -----------
23.1 Consent of Independent Auditors
