Filing Details
- Accession Number:
- 0001690820-18-000025
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-05-02 18:13:34
- Reporting Period:
- 2018-04-30
- Accepted Time:
- 2018-05-02 18:13:34
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1690820 | Carvana Co. | CVNA | Retail-Auto Dealers & Gasoline Stations (5500) | 814549921 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1700545 | W. Paul Breaux | C/O Carvana Co. 1930 W. Rio Salado Pkwy Tempe AZ 85281 | See Remarks | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2018-04-30 | 5,000 | $0.00 | 5,000 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2018-04-30 | 5,000 | $27.50 | 0 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2018-04-30 | 8,030 | $4.88 | 8,030 | No | 4 | M | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Class B Units | Disposition | 2018-04-30 | 8,030 | $4.88 | 5,000 | $4.88 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 254,470 | No | 4 | C | Direct |
Footnotes
- On April 30, 2018, the Reporting Person exchanged 8,030 Class B common units of Carvana Group, LLC ("Class B Units") for 5,000 shares of Class A common stock, par value $0.001 per share, of the Issuer (the "Class A Common Stock") pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement"). The Reporting Person immediately sold the 5,000 shares of Class A Common Stock acquired upon conversion of the Class B Units in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-224404).
- The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value (as defined in the Exchange Agreement) less the applicable participation threshold multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.
- The exchanged Class B Units have a participation threshold of $4.878. The Class B Units have no expiration date.
- The Reporting Person was granted 250,000 Class B Units on December 30, 2015 with a participation threshold of $4.878; 50,000 of which vested on August 3, 2016 and 4,167 of which vest on the first of each month beginning September 1, 2016. The Reporting Person was also granted 12,500 Class B Units on January 29, 2016 with a participation threshold of $4.878; 2,500 of which vested on August 3, 2016 and 209 of which vest on the first of each month beginning September 1, 2016.
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