Filing Details
- Accession Number:
- 0001395942-13-000063
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-11-15 15:24:56
- Reporting Period:
- 2013-11-13
- Filing Date:
- 2013-11-15
- Accepted Time:
- 2013-11-15 15:24:56
- 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 | 2013-11-13 | 1,319 | $27.14 | 0 | 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 | 16,970 | 16,970 | Direct | |
| Common Stock | Employee Stock Options (right to buy) | $10.00 | 2017-08-20 | 92,933 | 92,933 | 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 | 16,970 | 16,970 | Direct |
| 2017-08-20 | 92,933 | 92,933 | 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 ("KAR LLC") that closed on November 13, 2013.
- 16,970 of these options are service options that are 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.
- 26,978 of these performance options 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 exercisable. 7,750 of these service options become exercisable on 8/6/2014.
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