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Filing Details

Accession Number:: 0001395942-14-000106
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-05-07 11:51:46
Reporting Period:: 2014-05-05

Filing Date:: 2014-05-07
Accepted Time:: 2014-05-07 10:51:46
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	Chief Client Officer	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	Acquisiton	2014-05-05	12,023	$13.46	12,023	No	4	M	Direct
Common Stock	Disposition	2014-05-05	12,023	$30.14	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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2014-05-05	12,023	$13.46	12,023	$13.46

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
99,927		2020-03-01	No	4	A	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	65,956	65,956	Direct
Common Stock	Employee Stock Option (right to buy)	$16.68	2018-08-19	42,813	42,813	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	65,956	65,956	Direct
2018-08-19	42,813	42,813	Direct
2021-02-25	100,000	100,000	Direct

Footnotes

The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $29.87 to $30.32, 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.
32,978 of these performance options are currently exercisable. 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.
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.
6,850 of these options are service options that are currently exercisable.
25,688 of these performance options are currently exercisable. 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.
11,195 of these options are service options that are currently exercisable.
55,147 of these performance options are currently exercisable. 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.
75,000 of these service options are currently exercisable. 25,000 of these options become exercisable on 2/25/2015.