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Filing Details

Accession Number:: 0001395942-15-000041
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-03-03 16:45:06
Reporting Period:: 2015-03-02

Filing Date:: 2015-03-03
Accepted Time:: 2015-03-03 16:45:06
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2015-03-02	12,500	$10.00	12,500	No	4	M	Direct
Common Stock	Disposition	2015-03-02	12,500	$36.36	0	No	4	S	Direct
Common Stock	Acquisiton	2015-03-03	12,500	$10.00	12,500	No	4	M	Direct
Common Stock	Disposition	2015-03-03	12,500	$37.00	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
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	2015-03-02	25,000	$10.00	25,000	$10.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
132,978		2017-08-20	No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	4,000	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
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
2018-02-07	15,040	15,040	Direct
2020-03-01	121,560	121,560	Direct

Footnotes

The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $36.35 to $36.40, 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.
12,500 shares were exercised on 3/02/15 and 12,500 shares were exercised on 3/03/15.
26,068 of these options are service options that are currently exercisable.
73,932 of these options are performance options that are currently exercisable. 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.
8,460 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 $35.00 for twenty (20) consecutive trading days.
30,390 of these options are service options that are currently exercisable.
68,377 of these options are performance options that are currently exercisable. 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.