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Filing Details

Accession Number:: 0001395942-17-000075
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-05-10 18:04:26
Reporting Period:: 2017-05-10

Filing Date:: 2017-05-10
Accepted Time:: 2017-05-10 18:04:26
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

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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	2017-05-10	18,125	$10.00	22,623	No	4	M	Direct
Common Stock	Disposition	2017-05-10	8,443	$44.06	14,180	No	4	S	Direct
Common Stock	Disposition	2017-05-10	9,682	$44.49	4,498	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	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	2017-05-10	18,125	$10.00	18,125	$10.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
80,000		2019-05-06	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Units	$0.00			1,638	1,638	Direct
Common Stock	Restricted Stock Units	$0.00			3,562	3,562	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	1,638	1,638	Direct
	3,562	3,562	Direct

Footnotes

Includes 1,187.3722 shares acquired (including 20.4238 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan.
This transaction was effected pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 10, 2016.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.3800 to $44.3700 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.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.3800 to $45.1675 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.
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 vested 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.
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 23, 2017, one-third of these restricted stock units vest on February 22, 2018 and the remaining one-third of these restricted stock units vest on February 22, 2019, assuming continued employment through the applicable vesting date.