Filing Details

Accession Number:
0001144204-14-013055
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-03-03 19:43:05
Reporting Period:
2014-02-24
Filing Date:
2014-03-03
Accepted Time:
2014-03-03 19:43:05
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1333513 Dealertrack Technologies Inc TRAK Services-Computer Integrated Systems Design (7373) 522336218
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1512727 Mark Furcolo C/O Dealertrack Holdings, Inc.
1111 Marcus Avenue
Lake Success NY US 11042
Evp, Lender Solutions 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 2014-02-27 5,865 $27.99 27,225 No 4 M Direct
Common Stock Disposition 2014-02-27 5,865 $54.28 21,360 No 4 S Direct
Common Stock Acquisiton 2014-02-27 4,748 $19.65 26,108 No 4 M Direct
Common Stock Disposition 2014-02-27 4,748 $54.28 21,360 No 4 S Direct
Common Stock Acquisiton 2014-02-26 4,238 $0.00 21,360 No 4 A Direct
Common Stock Disposition 2014-02-24 499 $54.40 16,623 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
No 4 A Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualified Stock Option (right to buy) Disposition 2014-02-27 5,865 $0.00 5,865 $27.99
Common Stock Non-Qualified Stock Option (right to buy) Disposition 2014-02-27 4,748 $0.00 4,748 $19.65
Common Stock Non-Qualified Stock Option (right to buy) Acquisiton 2014-02-26 11,905 $0.00 11,905 $55.06
Common Stock Performance Stock Unit Acquisiton 2014-02-26 4,259 $0.00 4,259 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
6,375 2019-02-28 No 4 D Direct
1,572 2017-02-24 No 4 D Direct
11,905 2021-02-26 No 4 A Direct
4,259 2017-02-26 No 4 A Direct
Footnotes
  1. Includes 16,584 restricted stock units.
  2. 25% of the shares subject to the option vested on February 28,2013, and 1/36th of the remaining shares subject to the option will vest each month thereafter, such that 100% of the shares subject to the option will be fully vested on February 28, 2016.
  3. 25% of the shares subject to the option vested on February 24, 2012, and 1/36th of the remaining shares subject to the option will vest each month thereafter, such that 100% of the shares subject to the option will be fully vested on February 24, 2015.
  4. This transaction was executed in multiple trades at prices ranging from $54.01 to $55.07. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  5. Each restricted stock unit represents a contingent right to receive one share of Dealertrack common stock. The restricted stock units vest in four equal annual installments beginning February 26, 2015.
  6. 25% of the shares subject to the option will vest on February 26, 2015, and 1/36th of the remaining shares subject to the option will vest each month thereafter, such that 100% of the shares subject to the option will be fully vested on February 26, 2018.
  7. This amount represents the target number of PSUs (100%) awarded and is subject to adjustment ranging from 0% (threshold) to 150% (maximum) based on the percentage achievement of the performance goals.
  8. The Performance Stock Units will vest in full on February 28, 2017 subject to the achievement of certain performance goals. These performance goals are equally based on both the Company's Revenue for calendar year 2014 and the total shareholder return of the Company's common stock as compared to other companies in the NASDAQ Software Index in the aggregate for calendar years 2014, 2015 and 2016.
  9. Includes 12,346 restricted stock units.
  10. Represents shares withheld from vested RSUs for the payment of applicable income and payroll withholding taxes due on vesting.