Filing Details

Accession Number:
0001395942-16-000300
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-05-19 16:12:25
Reporting Period:
2016-05-17
Filing Date:
2016-05-19
Accepted Time:
2016-05-19 16:12:25
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
1478000 S. Donald Gottwald C/O: Kar Auction Services, Inc.
13085 Hamilton Crossing Blvd.
Carmel IN 46032
Chief Operating Officer 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 2016-05-17 7,338 $10.00 7,338 No 4 M Direct
Common Stock Disposition 2016-05-17 7,338 $40.00 0 No 4 S Direct
Common Stock Acquisiton 2016-05-18 5,162 $10.00 5,162 No 4 M Direct
Common Stock Disposition 2016-05-18 5,162 $40.00 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 2016-05-17 12,500 $10.00 12,500 $10.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
152,500 2019-05-06 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,039 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 3,275 3,275 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
3,275 3,275 Direct
Footnotes
  1. 7,338 shares were exercised on 5/17/2016 and 5,162 shares were exercised on 5/18/2016.
  2. All of these performance options are currently exercisable.
  3. 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.
  4. 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.