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Filing Details

Accession Number:: 0001395942-13-000017
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-09-26 15:44:22
Reporting Period:: 2013-09-24

Filing Date:: 2013-09-26
Accepted Time:: 2013-09-26 15:44:22
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. 13085 Hamilton Crossing Blvd. Carmel IN 46032	Evp Of International Markets	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	Explanation
Common Stock	Disposition	2013-09-24	3,239	$26.63	6,590	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 Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	5,000	Direct

Reported Derivative Holdings

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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)	$16.26	2018-02-07	15,040	15,040	Direct
Common Stock	Employee Stock Option (right to buy)	$13.46	2020-03-01	121,560	121,560	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-08-20	175,880	175,880	Direct
2018-02-07	15,040	15,040	Direct
2020-03-01	121,560	121,560	Direct

Footnotes

Reflects sales of shares of common stock of KAR Auction Services, Inc. in a secondary offering by KAR Holdings II, LLC that closed on September 24, 2013.
Includes 6,590 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 options are service options that are currently exercisable.
65,955 of these options are performance options that 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 a share 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.
3,760 of these options are service options that are currently exercisable.
5,640 of these options are performance options that are currently exercisable. 2,820 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 2,820 of these options vest if the closing price of a share of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.
22,792 of these options are service options that are currently exercisable. 7,598 of these options become exercisable on 3/1/2014.
45,585 of these options are performance options that are currently exercisable. 22,792 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 22,793 of these options vest if the closing price of a share of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.