Filing Details
- Accession Number:
- 0001395942-14-000200
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-10-01 17:00:29
- Reporting Period:
- 2014-09-29
- Filing Date:
- 2014-10-01
- Accepted Time:
- 2014-10-01 17:00:29
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2014-09-29 | 203 | $16.68 | 203 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2014-09-29 | 203 | $28.50 | 0 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2014-10-01 | 5,000 | $14.44 | 5,000 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2014-10-01 | 5,000 | $28.62 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| 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 | 2014-09-29 | 203 | $16.68 | 203 | $16.68 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2014-10-01 | 5,000 | $14.44 | 5,000 | $14.44 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 10,275 | 2018-08-19 | No | 4 | A | Direct | |
| 35,000 | 2021-02-25 | No | 4 | A | 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 | 32,978 | 32,978 | Direct | |
| Common Stock | Employee Stock Option (right to buy) | $13.46 | 2020-03-01 | 67,170 | 67,170 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2017-08-20 | 32,978 | 32,978 | Direct |
| 2020-03-01 | 67,170 | 67,170 | Direct |
Footnotes
- 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.
- 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.
- 33,585 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.
- 10,000 of these service options are currently exercisable. 25,000 of these options become exercisable on 2/25/2015.
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