Filing Details

Accession Number:
0001395942-13-000067
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-11-15 15:26:07
Reporting Period:
2013-11-13
Filing Date:
2013-11-15
Accepted Time:
2013-11-15 15:26:07
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
1478002 David Vignes C/O: Kar Auction Services, Inc.
13085 Hamilton Crossing Blvd.
Carmel IN 46032
Evp Of Enterprise Optimization 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 2013-11-13 922 $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 Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 5,000 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option (right to buy) $10.00 2017-08-20 59,355 59,355 Direct
Common Stock Employee Stock Option (right to buy) $16.68 2018-08-19 54,800 54,800 Direct
Common Stock Employee Stock Option (right to buy) $13.46 2020-03-01 89,560 89,560 Direct
Common Stock Employee Stock Option (right to buy) $18.80 2021-05-05 50,000 50,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2017-08-20 59,355 59,355 Direct
2018-08-19 54,800 54,800 Direct
2020-03-01 89,560 89,560 Direct
2021-05-05 50,000 50,000 Direct
Footnotes
  1. 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.
  2. 19,785 of these performance options are currently exercisable. 19,785 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 19,785 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.
  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. 13,700 of these options are service options that are currently exercisable.
  5. 20,550 of these options are performance options that are currently exercisable. 10,275 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 10,275 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.
  6. 16,792 of these options are service options that are currently exercisable. 5,598 become exercisable on 3/1/2014.
  7. 33,585 of these options are performance options that are currently exercisable. 16,792 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 16,793 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.
  8. 25,000 of these options are service options that are currently exercisable. 12,500 of these options become exercisable on 5/5/2014 and 12,500 become exercisable on 5/5/2015.