Home > Insider Trading > Filing (0001395942-13-000016)

Filing Details

Accession Number:: 0001395942-13-000016
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-09-26 15:44:08
Reporting Period:: 2013-09-24

Filing Date:: 2013-09-26
Accepted Time:: 2013-09-26 15:44:08
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
1477999	J. Thomas Caruso	C/O: Kar Auction Services, Inc. 13085 Hamilton Crossing Boulevard Carmel IN 46032	President & Ceo Of Adesa	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2013-09-24	648	$26.63	1,319	No	4	S	Indirect	By KAR Holdings II, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By KAR Holdings II, LLC

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Option (right to buy)	$10.00	2017-08-20	175,880	175,880	Direct
Common Stock	Employee Stock Option (right to buy)	$16.68	2018-08-19	54,800	54,800	Direct
Common Stock	Employee Stock Option (right to buy)	$13.46	2020-03-01	179,120	179,120	Direct
Common Stock	Employee Stock Option (right to buy)	$14.44	2021-02-25	100,000	100,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-08-20	175,880	175,880	Direct
2018-08-19	54,800	54,800	Direct
2020-03-01	179,120	179,120	Direct
2021-02-25	100,000	100,000	Direct

Footnotes

Reflects sales of shares of common stock of KAR Auction Services, Inc. (the "Company") in a secondary offering by KAR Holdings II, LLC that closed on September 24, 2013.
Includes 1,319 shares of common stock held of record by KAR Holdings II, LLC, by virtue of the reporting person's common ownership interest in KAR Holdings II, LLC. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
43,970 of these service options are currently exercisable.
65,955 of these performance options are currently exercisable. 32,977 of these options vest if the closing price of a share of the Company's common stock exceeds $30.00 for twenty (20) consecutive trading days and 32,978 of these options vest if the closing price of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.
An additional condition to vesting is that the reporting person must be a director, officer, employee, consultant or agent of the Company or any of its subsidiaries on the date on which the conditions set forth above are satisfied.
13,700 of these options are service options that are currently exercisable.
20,550 of these performance options are currently exercisable. 10,275 of these options vest if the closing price of a share of the Company's common stock exceeds $30.00 for twenty (20) consecutive trading days and 10,275 of these options vest if the closing price of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.
33,585 of these options are service options that are currently exercisable. 11,195 of these service options become exercisable on 3/1/2014.
67,170 of these performance options are currently exercisable. 33,585 of these options vest if the closing price of a share of the Company's common stock exceeds $30.00 for twenty (20) consecutive trading days and 33,585 of these options vest if the closing price of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.
50,000 of these service options are currently exercisable. 25,000 of these options become exercisable on 2/25/2014 and 25,000 of these options become exercisable on 2/25/2015.