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Filing Details

Accession Number:: 0001395942-20-000035
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-02-25 20:28:36
Reporting Period:: 2020-02-21

Accepted Time:: 2020-02-25 20:28:36
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. 11299 North Illinois Street Carmel IN 46032	Evp Of Intl Mrkts & Strat Init	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	2020-02-21	7,000	$22.45	107,704	No	4	P	Direct
Common Stock	Acquisiton	2020-02-22	641	$0.00	108,345	No	4	M	Direct
Common Stock	Disposition	2020-02-22	344	$22.25	108,001	No	4	F	Direct
Common Stock	Acquisiton	2020-02-24	472	$0.00	108,473	No	4	M	Direct
Common Stock	Disposition	2020-02-24	253	$21.55	108,220	No	4	F	Direct
Common Stock	Acquisiton	2020-02-24	4,544	$0.00	112,764	No	4	M	Direct
Common Stock	Disposition	2020-02-24	2,433	$21.55	110,331	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2020-02-24	472	$0.00	472	$0.00
Common Stock	Restricted Stock Units	Disposition	2020-02-22	641	$0.00	641	$0.00
Common Stock	Restricted Stock Units	Disposition	2020-02-24	4,544	$0.00	4,544	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2020-02-21	4,108	$0.00	4,108	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	No	4	M	Direct
1,282	No	4	M	Direct
0	No	4	M	Direct
4,108	No	4	A	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Units	$0.00	908	908	Direct
Common Stock	Restricted Stock Units	$0.00	4,248	4,248	Direct
Common Stock	Restricted Stock Units	$0.00	4,222	4,222	Direct

Amount	Remaning Holdings	Nature of Ownership
908	908	Direct
4,248	4,248	Direct
4,222	4,222	Direct

Footnotes

The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.42 to $22.47 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 purchased at each separate price within the range set forth in this footnote.
Includes 2,664.5513 shares acquired pursuant to the Company's Employee Stock Purchase Plan.
Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on February 22, 2020.
Shares withheld by the Company to satisfy tax withholding requirements.
Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on February 24, 2020.
Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
These restricted stock units were subject to a time-vesting requirement and vested and settled in common stock as follows: one-third of these restricted stock units vested on February 24, 2018, one-third of these restricted stock units vested on February 24, 2019 and the remaining one-third of these restricted stock units vested on February 24, 2020.
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 March 2, 2019, one-third of these restricted stock units vest on March 2, 2020 and the remaining one-third of these restricted stock units vest on March 2, 2021, 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 22, 2020, one-third of these restricted stock units vest on February 22, 2021 and the remaining one-third of these restricted stock units vest on February 22, 2022, assuming continued employment through the applicable vesting date.
These restricted stock units vested and settled in common stock on February 24, 2020.
These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on March 2, 2021, 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 on February 22, 2022, 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 vest on February 21, 2021, one-third of these restricted stock units vest on February 21, 2022 and the remaining one-third of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.