Filing Details

Accession Number:
0001395942-13-000095
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-12-23 14:41:36
Reporting Period:
2013-12-23
Filing Date:
2013-12-23
Accepted Time:
2013-12-23 14:41:36
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
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-12-23 5,000 $13.46 5,000 No 4 M Direct
Common Stock Disposition 2013-12-23 5,000 $28.95 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (right to buy) Disposition 2013-12-23 5,000 $13.46 5,000 $13.46
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
155,535 2020-03-01 No 4 M Direct
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 2017-08-20 105,880 105,880 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) $14.44 2021-02-25 100,000 100,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2017-08-20 105,880 105,880 Direct
2018-08-19 54,800 54,800 Direct
2021-02-25 100,000 100,000 Direct
Footnotes
  1. 3,970 of these service options are currently exercisable.
  2. 35,955 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.
  3. 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.
  4. 13,700 of these options are service options that are currently exercisable.
  5. 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.
  6. 10,000 of these options are service options that are currently exercisable. 11,195 of these service options become exercisable on 3/1/2014.
  7. 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.
  8. 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.