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Filing Details

Accession Number:: 0001395942-20-000051
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-03-10 17:13:56
Reporting Period:: 2020-03-06

Accepted Time:: 2020-03-10 17:13:56
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
1478099	M. Eric Loughmiller	C/O: Kar Auction Services, Inc. 11299 North Illinois Street Carmel IN 46032	Evp & Cfo	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	Explanation
Common Stock	Acquisiton	2020-03-06	49,150	$18.34	241,497	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Option (right to buy)	$11.74	2024-02-27	97,204	97,204	Direct
Common Stock	Restricted Stock Units	$0.00		1,367	1,367	Direct
Common Stock	Restricted Stock Units	$0.00		4,707	4,707	Direct
Common Stock	Restricted Stock Units	$0.00		12,793	12,793	Direct
Common Stock	Restricted Stock Units	$0.00		16,038	16,038	Direct
Common Stock	Restricted Stock Units	$0.00		15,450	15,450	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2024-02-27	97,204	97,204	Direct
	1,367	1,367	Direct
	4,707	4,707	Direct
	12,793	12,793	Direct
	16,038	16,038	Direct
	15,450	15,450	Direct

Footnotes

The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $18.34 to $18.35 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 purchased at each separate price within the range set forth in this footnote.
Includes 2,075.806 shares acquired pursuant to the Company's Employee Stock Purchase Plan.
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 March 2, 2019, one-third of these restricted stock units vested 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.
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 22, 2020, one-third of these restricted stock units vest on February 22, 2021 and the remaining one-third of these restricted stock units vest on February 22, 2022, 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 on March 2, 2021, 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 on February 22, 2022, 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 February 21, 2021, one-third of these restricted stock units vest on February 21, 2022 and the remaining one-third of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.