Filing Details
- Accession Number:
- 0001395942-14-000044
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-02-24 14:47:26
- Reporting Period:
- 2014-02-21
- Filing Date:
- 2014-02-24
- Accepted Time:
- 2014-02-24 14:47:26
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2014-02-21 | 1,000 | $29.37 | 4,000 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | 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 | 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
- 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.
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