Filing Details

Accession Number:
0001395942-13-000003
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-09-06 08:58:57
Reporting Period:
2013-09-04
Filing Date:
2013-09-06
Accepted Time:
2013-09-06 08:58:57
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1395942 Kar Auction Services Inc. KAR Retail-Auto Dealers & Gasoline Stations (5500) 208744739
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1491615 W Warren Byrd C/O: Kar Auction Services, Inc.
13085 Hamilton Crossing Boulevard
Carmel IN 46032
Evp Of Corp Dev & Real Estate No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-09-04 2,000 $12.10 2,000 No 4 M Direct
Common Stock Disposition 2013-09-04 2,000 $27.00 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Options (right to buy) Acquisiton 2013-09-04 2,000 $12.10 2,000 $12.10
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
17,250 2020-08-06 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,967 Indirect By KAR Holdings II, LLC
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Options (right to buy) $10.00 2017-08-20 1,000 21,970 Direct
Common Stock Employee Stock Options (right to buy) $10.00 2017-08-20 4,122 98,933 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2017-08-20 1,000 21,970 Direct
2017-08-20 4,122 98,933 Direct
Footnotes
  1. Includes 1,967 shares of common stock held of record by KAR Holdings II, LLC, by virtue of the reporting person's common ownership interest in KAR Holdings II, LLC. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
  2. 21,970 of these options are service options that are exercisable.
  3. An additional condition to vesting is that the reporting person must be a director, officer, employee, consultant or agent of the Company or any of its subsidiaries on the date on which the conditions set forth above are satisfied.
  4. 98,933 of these options are performance options that vest as follows: 25% of these options vest if the closing price of a share of the Company's common stock exceeds $25.00 for twenty (20) consecutive trading days; 25% of these options vest if the closing price of a share of the Company's common stock exceeds $30.00 for twenty (20) consecutive trading days; and 25% of these options vest if the closing price of a share of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.
  5. 9,500 of these options are service options that are exercisable. 7,750 of these service options become exercisable on 8/6/2014.