Filing Details

Accession Number:
0001395942-13-000062
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-11-15 15:24:37
Reporting Period:
2013-11-13
Filing Date:
2013-11-15
Accepted Time:
2013-11-15 15:24:37
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
1478001 C. Rebecca Polak C/O: Kar Auction Services, Inc.
13085 Hamilton Crossing Blvd.
Car,E; IN 46032
Evp, Gen. Counsel & Secretary 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 Disposition 2013-11-13 1,976 $27.14 0 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
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option (right to buy) $10.00 2019-05-06 176,720 176,720 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2019-05-06 176,720 176,720 Direct
Footnotes
  1. Reflects sales of shares of common stock of KAR Auction Services, Inc. (the "Company") in a secondary offering by KAR Holdings II, LLC ("KAR LLC") that closed on November 13, 2013.
  2. A portion of the proceeds were paid in respect of profit interests pursuant to KAR LLC's Second Amended and Restated Limited Liability Company Agreement, as amended, and Axle Holdings II, LLC's Amended and Restated Limited Liability Company Agreement, as amended.
  3. 44,180 of these options are service options that are currently exercisable.
  4. 66,270 of these performance options are currently exercisable. 33,135 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 33,135 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.
  5. 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.