Filing Details

Accession Number:
0001144204-18-049393
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-09-13 19:55:59
Reporting Period:
2018-09-11
Accepted Time:
2018-09-13 19:55:59
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1690820 Carvana Co. CVNA () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1518314 G. Thomas Dundon 2100 Ross Ave
Suite 3300
Dallas TX 75201
No No Yes No
1725169 Ddfs Partnership Lp 2100 Ross Ave
Suite 3300
Dallas TX 75201
No No Yes No
1725762 Ddfs Management Co Llc 2100 Ross Ave
Suite 3300
Dallas TX 75201
No No Yes 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 2018-09-11 507,754 $19.69 507,754 No 4 J Indirect See Footnotes
Class A Common Stock Disposition 2018-09-12 374,329 $67.71 133,425 No 4 S Indirect See Footnotes
Class A Common Stock Acquisiton 2018-09-12 507,755 $19.69 641,180 No 4 J Indirect See Footnotes
Class A Common Stock Disposition 2018-09-13 522,213 $62.93 118,967 No 4 S Indirect See Footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Indirect See Footnotes
No 4 S Indirect See Footnotes
No 4 J Indirect See Footnotes
No 4 S Indirect See Footnotes
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class A Convertible Preferred Stock Disposition 2018-09-11 10,000 $0.00 507,754 $19.69
Class A Common Stock Class A Convertible Preferred Stock Disposition 2018-09-12 10,000 $0.00 507,755 $19.69
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
85,000 No 4 C Indirect
75,000 No 4 C Indirect
Footnotes
  1. The Class A Convertible Preferred Stock, par value $0.01 per share of the Company ("Preferred Stock") is convertible at the option of the holders at any time into shares of the Company's Class A Common Stock, par value $0.001 per share ("Common Stock") at an initial conversion rate of 50.78 shares of Common Stock for each share of Preferred Stock, which represents an initial conversion price of approximately $19.6945 per share of Common Stock, subject to anti-dilution and other adjustment.
  2. The Reporting Persons exercised their option to convert 10,000 shares of Preferred Stock into 507,754 shares of Common Stock on September 11, 2018 and 10,000 share of Preferred Stock into 507,755 shares of Common Stock on September 12, 2018.
  3. Reflects securities directly held by DDFS Partnership LP, a Delaware limited partnership ("DDFS"). DDFS Management Company LLC, a Delaware limited liability company ("DMC"), is the sole general partner of DDFS and holds a 1% general interest in DDFS. Thomas G. Dundon directly holds 100% of the membership interests in DMC.
  4. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.00 to $72.59, inclusive.
  6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.02 to $66.35, inclusive.