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Filing Details

Accession Number:: 0001395942-17-000056
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-03-13 19:04:39
Reporting Period:: 2017-03-09

Filing Date:: 2017-03-13
Accepted Time:: 2017-03-13 19:04:39
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2017-03-09	5,218	$16.26	5,218	No	4	M	Direct
Common Stock	Disposition	2017-03-09	5,218	$45.02	0	No	4	S	Direct
Common Stock	Acquisiton	2017-03-10	9,822	$16.26	9,822	No	4	M	Direct
Common Stock	Disposition	2017-03-10	9,822	$44.96	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
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 Option (right to buy)	Disposition	2017-03-09	15,040	$16.26	15,040	$16.26

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	88,943	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)	$13.46	2020-03-01	71,560	71,560	Direct
Common Stock	Restricted Stock Units	$0.00		576	576	Direct
Common Stock	Restricted Stock Units	$0.00		1,161	1,161	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-03-01	71,560	71,560	Direct
	576	576	Direct
	1,161	1,161	Direct

Footnotes

Includes 619.3535 shares acquired (including 10.1917 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan on May 31, 2016.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.0000 to $45.0600 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.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.8700 to $45.1500 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.
5,218 shares were exercised on March 9, 2017 and 9,822 shares were exercised on March 10, 2017.
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.
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 vested 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.
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 23, 2017, one-third of these restricted stock units vest on February 22, 2018 and the remaining one-third of these restricted stock units vest on February 22, 2019, assuming continued employment through the applicable vesting date