Filing Details
- Accession Number:
- 0001395942-16-000300
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-05-19 16:12:25
- Reporting Period:
- 2016-05-17
- Filing Date:
- 2016-05-19
- Accepted Time:
- 2016-05-19 16:12:25
- 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 |
---|---|---|---|---|---|---|---|
1478000 | S. Donald Gottwald | C/O: Kar Auction Services, Inc. 13085 Hamilton Crossing Blvd. Carmel IN 46032 | Chief Operating 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 | 2016-05-17 | 7,338 | $10.00 | 7,338 | No | 4 | M | Direct | |
Common Stock | Disposition | 2016-05-17 | 7,338 | $40.00 | 0 | No | 4 | S | Direct | |
Common Stock | Acquisiton | 2016-05-18 | 5,162 | $10.00 | 5,162 | No | 4 | M | Direct | |
Common Stock | Disposition | 2016-05-18 | 5,162 | $40.00 | 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 | 2016-05-17 | 12,500 | $10.00 | 12,500 | $10.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
152,500 | 2019-05-06 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 1,039 | Direct |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Restricted Stock Units | $0.00 | 3,275 | 3,275 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
3,275 | 3,275 | Direct |
Footnotes
- 7,338 shares were exercised on 5/17/2016 and 5,162 shares were exercised on 5/18/2016.
- All of these performance options are currently exercisable.
- Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on 2/20/16.
- These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vested on 2/20/2016, one-third of these restricted stock units vest on 2/20/2017 and the remaining one-third of these restricted stock units vest on 2/20/2018, assuming continued employment through the applicable vesting date.