Filing Details
- Accession Number:
- 0001395942-18-000094
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-06-14 12:35:00
- Reporting Period:
- 2018-06-12
- Accepted Time:
- 2018-06-14 12:35:00
- 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 | Coo & Chief Strategy 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 | 2018-06-12 | 10,000 | $10.00 | 32,967 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-06-12 | 10,000 | $55.20 | 22,967 | 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 | 2018-06-12 | 10,000 | $10.00 | 10,000 | $10.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 30,000 | 2019-05-06 | No | 4 | M | 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 | 1,781 | 1,781 | Direct | ||
| Common Stock | Restricted Stock Units | $0.00 | 3,730 | 3,730 | Direct | ||
| Common Stock | Restricted Stock Units | $0.00 | 4,718 | 4,718 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 1,781 | 1,781 | Direct | |
| 3,730 | 3,730 | Direct | |
| 4,718 | 4,718 | Direct |
Footnotes
- Includes 1,681.5786 shares acquired (including 53.3755 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 March 12, 2018.
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.05 to $55.31 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 23, 2017, one-third of these restricted stock units vested 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.
- 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 24, 2018, one-third of these restricted stock units vest on February 24, 2019 and the remaining one-third of these restricted stock units vest on February 24, 2020, 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 vest on March 2, 2019, one-third of these restricted stock units vest on March 2, 2020 and the remaining one-third of these restricted stock units vest on March 2, 2021, assuming continued employment through the applicable vesting date.
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