Filing Details
- Accession Number:
- 0001395942-17-000035
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-02-24 16:54:21
- Reporting Period:
- 2017-02-22
- Filing Date:
- 2017-02-24
- Accepted Time:
- 2017-02-24 16:54:21
- 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 |
|---|---|---|---|---|---|---|---|
| 1678215 | Ii E. James Money | 13085 Hamilton Crossing Blvd. Carmel IN 46032 | Afc President | 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 | 2017-02-22 | 501 | $0.00 | 501 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-02-22 | 186 | $44.80 | 315 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2017-02-24 | 26,600 | $16.26 | 26,600 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-02-24 | 26,600 | $44.45 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | 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 | 2017-02-24 | 26,600 | $16.26 | 26,600 | $16.26 |
| Common Stock | Restricted Stock Units | Disposition | 2017-02-22 | 501 | $0.00 | 501 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2018-02-07 | No | 4 | M | Direct | |
| 997 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 6,587 | 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) | $16.07 | 2022-02-28 | 32,000 | 32,000 | Direct | |
| Common Stock | Restricted Stock Units | $0.00 | 574 | 574 | Direct | ||
| Common Stock | Restricted Stock Units | $0.00 | 471 | 471 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2022-02-28 | 32,000 | 32,000 | Direct |
| 574 | 574 | Direct | |
| 471 | 471 | Direct |
Footnotes
- Each restricted stock unit and dividend equivalent is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units and dividend equivalents vested in common stock on February 22, 2017.
- Shares withheld by the Company to satisfy tax withholding requirements.
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.30 to $44.65 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.
- All shares are currently exercisable.
- Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- 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 vest on August 4, 2017, one-third of these restricted stock units vest on August 4, 2018 and the remaining one-third of these restricted stock units vest on August 4, 2019, assuming continued employment through the applicable vesting date and assuming the performance related conditions set forth in the reporting person's award agreement are met.
- These restricted stock units and dividend equivalents remain subject to a time-vesting requirement and are scheduled to vest and settle into common stock as follows: one-third of these restricted stock units and dividend equivalents vested on February 22, 2017, one-third of these restricted stock units and dividend equivalents will vest on February 22, 2018 and the remaining one-third of these restricted stock units and dividend equivalents will vest on February 22, 2019, assuming continued employment through the applicable vesting date.
- These restricted stock units and dividend equivalents remain subject to a time-vesting requirement and are scheduled to vest and settle into common stock as follows: half of these restricted stock units and dividend equivalents vested on February 20, 2017 and the remaining half of these restricted stock units and dividend equivalents will vest on February 20, 2018, assuming continued employment through the applicable vesting date.
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