Filing Details

Accession Number:
0001395942-17-000048
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-03-01 17:11:46
Reporting Period:
2017-02-27
Filing Date:
2017-03-01
Accepted Time:
2017-03-01 17:11:46
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1395942 Kar Auction Services Inc. KAR () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1291222 E Mark Hill 13085 Hamilton Crossing Blvd.
Carmel IN 46032
Yes No 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 2017-02-27 4,200 $44.87 29,700 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 800 Indirect Family Member's Brokerage Account
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Phantom Stock $0.00 8,743 8,743 Direct
Common Stock Phantom Stock $0.00 474 474 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
8,743 8,743 Direct
474 474 Direct
Footnotes
  1. The shares are held in a family member's brokerage account, over which the reporting person holds a power of attorney. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
  2. The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
  3. Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. Shares of restricted stock were granted on June 8, 2016 at a price of $41.30 per share and will be settled only for shares of KAR common stock on a one-for-one basis. These shares of restricted stock were granted pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and one-fourth of the grant vests every three months from the date of the grant and such grant is subject to forfeiture until vested.
  4. The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by him pursuant to the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
  5. Reflects dividend payments in the form of additional shares of phantom stock pursuant to the terms of the KAR Auction Services, Inc. Directors Deferred Compensation Plan, of which 442.1195 shares are vested and the remaining shares will vest as follows: 16.1701 shares vest on March 7, 2017 and the remaining 16.1702 shares vest on June 7, 2017.