Filing Details

Accession Number:
0001395942-16-000353
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-09-15 17:08:34
Reporting Period:
2016-09-15
Filing Date:
2016-09-15
Accepted Time:
2016-09-15 17:08:34
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
1478003 Benjamin Skuy C/O Kar Auction Services, Inc.
13085 Hamilton Crossing Blvd.
Carmel IN 46032
Evp Of International Markets 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 2016-09-15 15,000 $10.00 15,000 No 4 M Direct
Common Stock Disposition 2016-09-15 15,000 $42.10 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 2016-09-15 15,000 $10.00 15,000 $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 88,032 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) $16.26 2018-02-07 15,040 15,040 Direct
Common Stock Employee Stock Option (right to buy) $13.46 2020-03-01 71,560 71,560 Direct
Common Stock Restricted Stock Units $0.00 1,151 1,151 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2018-02-07 15,040 15,040 Direct
2020-03-01 71,560 71,560 Direct
1,151 1,151 Direct
Footnotes
  1. Includes 612.1996 shares acquired (including 3.0378 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan on May 31, 2016, which were inadvertently omitted from the reporting person's Form 4 filed September 6, 2016.
  2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.0400 to $42.1400 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. All of these options are currently exercisable.
  4. 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 February 20, 2016.
  5. 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 February 20, 2016, one-third of these restricted stock units vest on February 20, 2017 and the remaining one-third of these restricted stock units vest on February 20, 2018, assuming continued employment through the applicable vesting date.