Filing Details

Accession Number:
0001144204-13-013345
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-03-06 17:53:06
Reporting Period:
2013-02-08
Filing Date:
2013-03-06
Accepted Time:
2013-03-06 17:53:06
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1333513 Dealertrack Technologies Inc TRAK Services-Computer Integrated Systems Design (7373) 522336218
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1373184 Richard Mcleer 1111 Marcus Ave.
Suite M04
Lake Success NY US 11042
Evp, Cio And Services 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
Common Stock Acquisiton 2013-03-04 10,391 $0.00 37,532 No 4 A Direct
Common Stock Acquisiton 2013-02-08 10,031 $0.00 42,078 No 4 M Direct
Common Stock Disposition 2013-02-08 10,031 $31.83 32,047 No 4 S Direct
Common Stock Disposition 2013-03-04 3,570 $28.89 33,962 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualified Stock Option (right to buy) Acquisiton 2013-03-04 27,862 $0.00 27,862 $28.87
Common Stock Performance Stock Unit Acquisiton 2013-03-04 10,127 $0.00 10,127 $0.00
Common Stock Performance Stock Unit Disposition 2013-02-08 12,780 $0.00 12,780 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
27,862 2020-03-04 No 4 A Direct
10,127 2016-02-28 No 4 A Direct
0 2013-02-08 2013-02-08 No 4 M Direct
Footnotes
  1. Each restricted stock unit represents a contingent right to receive one share of DealerTrack common stock. The restricted stock units vest in four equal annual installments beginning March 4, 2014.
  2. Includes 24,237 restricted stock units.
  3. 25% of the shares subject to the option will vest on March 4, 2014, and 1/36th of the remaining shares subject to the option will vest each month thereafter, such that 100% of the shares subject to the option will be fully vested on March 4, 2017.
  4. This amount represents the target number of PSUs (100%) awarded and is subject to adjustment ranging from 0% (threshold) to 150% (maximum) based on the percentage achievement of the performance goals.
  5. The Performance Stock Units will vest in full on February 28, 2016 subject to the achievement of certain performance goals. These performance goals are equally based on both the Company's Revenue for calendar year 2013 and the total shareholder return of the Company's common stock as compared to other companies in the NASDAQ U.S. Benchmark Software Index in the aggregate for calendar years 2013, 2014 and 2015.
  6. This amount represents the number of shares that the performance share units which vested on March 18, 2013 conversted into based on the acheivement of performance targets.
  7. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 5, 2011.
  8. This transaction was executed in multiple trades at prices ranging from $31.655 to $31.998. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  9. This transaction was executed in multiple trades at prices ranging from $28.64 to $29.05. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  10. Includes 26,152 restricted stock units.