Filing Details
- Accession Number:
- 0001395942-16-000353
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-09-15 17:08:34
- Reporting Period:
- 2016-09-15
- Filing Date:
- 2016-09-15
- Accepted Time:
- 2016-09-15 17:08:34
- 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
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2016-09-15 | 15,000 | $10.00 | 15,000 | No | 4 | M | Direct | |
Common Stock | Disposition | 2016-09-15 | 15,000 | $42.10 | 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
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Employee Stock Option (right to buy) | Disposition | 2016-09-15 | 15,000 | $10.00 | 15,000 | $10.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | 2017-08-20 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 88,032 | 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) | $16.26 | 2018-02-07 | 15,040 | 15,040 | Direct | |
Common Stock | Employee Stock Option (right to buy) | $13.46 | 2020-03-01 | 71,560 | 71,560 | Direct | |
Common Stock | Restricted Stock Units | $0.00 | 1,151 | 1,151 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2018-02-07 | 15,040 | 15,040 | Direct |
2020-03-01 | 71,560 | 71,560 | Direct |
1,151 | 1,151 | Direct |
Footnotes
- Includes 612.1996 shares acquired (including 3.0378 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan on May 31, 2016, which were inadvertently omitted from the reporting person's Form 4 filed September 6, 2016.
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.0400 to $42.1400 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- All of these 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 February 20, 2016.
- 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 February 20, 2016, one-third of these restricted stock units vest on February 20, 2017 and the remaining one-third of these restricted stock units vest on February 20, 2018, assuming continued employment through the applicable vesting date.