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Filing Details

Accession Number:: 0001395942-16-000347
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-08-31 10:49:36
Reporting Period:: 2015-05-21

Filing Date:: 2016-08-31
Accepted Time:: 2016-08-31 10:49:36
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1395942	Kar Auction Services Inc.	KAR	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1291222	E Mark Hill	13085 Hamilton Crossing Blvd. Carmel IN 46032		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2015-05-21	500	$37.80	500	No	4	P	Indirect	R. Helen Just Revocable Living Trust Dated October 27, 1997
Common Stock	Acquisiton	2015-05-21	300	$37.80	300	No	4	P	Indirect	R. Helen Just Revocable Living Trust Dated October 27, 1997
Common Stock	Disposition	2016-08-29	800	$0.00	0	No	4	J	Indirect	R. Helen Just Revocable Living Trust Dated October 27, 1997
Common Stock	Acquisiton	2016-08-29	800	$0.00	800	No	4	J	Indirect	Family Member's Brokerage Account

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	R. Helen Just Revocable Living Trust Dated October 27, 1997
No	4	P	Indirect	R. Helen Just Revocable Living Trust Dated October 27, 1997
No	4	J	Indirect	R. Helen Just Revocable Living Trust Dated October 27, 1997
No	4	J	Indirect	Family Member's Brokerage Account

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Phantom Stock	Acquisiton	2016-08-31	0	$41.49	0	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
348			No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	13,500	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Phantom Stock	$0.00			8,743	8,743	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	8,743	8,743	Direct

Footnotes

On May 21, 2015, the reporting person caused the trust to purchase 300 shares of KAR common stock for $37.795 and 500 shares of KAR common stock for $37.799.
The reporting person is trustee of the R. Helen Just Revocable Living Trust Dated October 27, 1997. Members of the reporting person's immediate family are beneficiaries of the trust. The reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of his pecuniary interest therein.
On August 29, 2016, the reporting person caused the trust to transfer the 800 shares of KAR common stock to a brokerage account for the benefit of a member of the reporting person's immediate family for no value pursuant to the distribution of trust assets, over which the reporting person holds a power of attorney.
On August 29, 2016, the reporting person caused the R. Helen Just Revocable Living Trust Dated October 27, 1997, of which the reporting person is trustee, to transfer 800 shares of KAR common stock to a brokerage account (over which the reporting person holds a power of attorney) for the benefit of a member of the reporting person's immediate family for no value pursuant to the distribution of trust assets.
The reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of his pecuniary interest therein.
The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. Shares of restricted stock were granted on 6/8/2016 at a price of $41.30 per share and will be settled only for shares of KAR common stock on a one-for-one basis. These shares of restricted stock were granted pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and one-fourth of the grant vests every three months from the date of the grant and such grant is subject to forfeiture until vested.
The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by him pursuant to the deferred compensation plan.
Reflects the reinvestment of dividend equivalents in additional shares of phantom stock pursuant to the terms of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
Reflects dividend payment of which 43.6365 shares are vested and the remaining shares will vest as follows: 4.8665 shares vest on 9/7/2016, 4.8665 shares vest on 12/7/2016, 4.8665 shares vest on 3/7/2017 and the remaining 4.8666 shares vest on 6/7/2017.