Filing Details
- Accession Number:
- 0001395942-13-000015
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-09-26 15:43:50
- Reporting Period:
- 2013-09-24
- Filing Date:
- 2013-09-26
- Accepted Time:
- 2013-09-26 15:43:50
- 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 | Disposition | 2013-09-24 | 648 | $26.63 | 1,319 | No | 4 | S | Indirect | By KAR Holdings II, LLC |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | 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 | 21,970 | 21,970 | Direct | |
| Common Stock | Employee Stock Options (right to buy) | $10.00 | 2017-08-20 | 98,933 | 98,933 | Direct | |
| Common Stock | Employee Stock Options (right to buy) | $12.10 | 2020-08-06 | 15,500 | 15,500 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2017-08-20 | 21,970 | 21,970 | Direct |
| 2017-08-20 | 98,933 | 98,933 | Direct |
| 2020-08-06 | 15,500 | 15,500 | Direct |
Footnotes
- Reflects sales of shares of common stock of KAR Auction Services, Inc. (the "Company") in a secondary offering by KAR Holdings II, LLC that closed on September 24, 2013.
- Includes 1,319 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.
- 21,970 of these options are service options that are currently exercisable.
- 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.
- 32,978 of these options are performance options that are currently exercisable. 32,977 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 32,978 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.
- 7,750 of these options are service options that are currently exercisable. 7,750 of these service options become exercisable on 8/6/2014.
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