Filing Details
- Accession Number:
- 0001395942-14-000069
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-03-07 16:11:09
- Reporting Period:
- 2014-03-05
- Filing Date:
- 2014-03-07
- Accepted Time:
- 2014-03-07 16:11:09
- 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 |
---|---|---|---|---|---|---|---|
1594577 | T. Michael Kestner | 13085 Hamilton Crossing Blvd. Carmel IN 46032 | Yes | No | 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 | 2014-03-05 | 1,500 | $31.50 | 2,338 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Direct |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Common Stock | $0.00 | 838 | 838 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
838 | 838 | Direct |
Footnotes
- The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $31.496 to $31.499, inclusive. The reporting person undertakes to provide to KAR Auction Services, Inc., any security holder of KAR Auction Services, Inc., or the staff of the Securities and Exchange Commission , upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- 838 of these shares are shares of restricted stock that were granted pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and 50% will vest on April 2, 2014 and the remaining 50% will vest on June 10, 2014.
- The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. Shares of restricted stock were granted on 1/2/2014 at a price of $29.85 per share and will be settled only for shares of KAR common stock on a one-for-one basis.
- The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by him pursuant to the deferred compensation plan.