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Filing Details

Accession Number:: 0001395942-16-000364
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-10-07 15:02:30
Reporting Period:: 2016-10-05

Filing Date:: 2016-10-07
Accepted Time:: 2016-10-07 15:02:30
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
1580036	A. Lisa Price	C/O: Kar Auction Services, Inc. 13085 Hamilton Crossing Blvd. Carmel IN 46032	Evp Of Human Resources	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-10-05	5,140	$10.00	5,140	No	4	M	Direct
Common Stock	Disposition	2016-10-05	5,140	$44.00	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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Options (right to buy)	Disposition	2016-10-05	5,140	$10.00	5,140	$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	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	949	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Option (right to buy)	$30.89	2024-02-27	17,500	17,500	Direct
Common Stock	Employee Stock Options (right to buy)	$18.80	2021-05-05	15,000	15,000	Direct
Common Stock	Restricted Stock Units	$0.00		1,072	1,072	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2024-02-27	17,500	17,500	Direct
2021-05-05	15,000	15,000	Direct
	1,072	1,072	Direct

Footnotes

Includes 612.1996 shares acquired (including 3.0378 shares acquired by dividend reinvestment as reported in the reporting person's account on October 7, 2016) pursuant to the Company's Employee Stock Purchase Plan on May 31, 2016.
This transaction was effected pursuant to a Rule 10b5-1 Plan adopted by the reporting person on June 15, 2016.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.0000 to $44.0200 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.
8,750 of these options are currently exercisable, 4,375 of these options become exercisable on February 27, 2017 and the remaining 4,375 options become exercisable on February 27, 2018, assuming continued employment through the applicable vesting date.
All of these options are currently exercisable.
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.
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.