Filing Details

Accession Number:
0001395942-16-000296
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-05-11 21:57:03
Reporting Period:
2016-05-09
Filing Date:
2016-05-11
Accepted Time:
2016-05-11 21:57:03
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
1592827 Stephane Hilaire St. 13085 Hamilton Crossing Blvd.
Carmel IN 46032
President And Ceo Of Adesa 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 2016-05-09 5,000 $10.00 5,000 No 4 M Direct
Common Stock Disposition 2016-05-09 5,000 $39.27 0 No 4 S Direct
Common Stock Acquisiton 2016-05-10 54,355 $10.00 54,355 No 4 M Direct
Common Stock Disposition 2016-05-10 54,355 $39.54 0 No 4 S 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
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (right to buy) Disposition 2016-05-09 59,355 $10.00 59,355 $10.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2017-08-20 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 721 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) $30.89 2024-02-27 38,884 38,884 Direct
Common Stock Employee Stock Option (right to buy) $13.46 2020-03-01 72,768 72,768 Direct
Common Stock Restricted Stock Units $0.00 2,144 2,144 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2024-02-27 38,884 38,884 Direct
2020-03-01 72,768 72,768 Direct
2,144 2,144 Direct
Footnotes
  1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.2600 to $39.2700 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.1700 to $39.7000 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  3. These options are service options that vest based upon the passage of time and the reporting person's continued service with the Company. These options will vest as follows: 25% of these options became exercisable on 2/27/2015, 25% of these options became exercisable on 2/27/2016, 25% of these options become exercisable on 2/27/2017, and the remaining 25% of these options become exercisable on 2/27/2018.
  4. 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.
  5. 5,000 shares were exercised on 5/9/16 and 54,335 shares were exercised on 5/10/16.
  6. 54,355 of these performance options are currently exercisable.
  7. 5,598 of these service options are currently exercisable.
  8. 67,170 of these options are performance options that are currently exercisable.
  9. Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on 2/20/16.
  10. These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vested on 2/20/2016, one-third of these restricted stock units vest on 2/20/2017 and the remaining one-third of these restricted stock units vest on 2/20/2018, assuming continued employment through the applicable vesting date.