3//SEC Filing
Ignition Acquisition Holdings LP 3
Accession 0000899243-20-018402
CIK 0001395942other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 9:21 PM ET
Size
12.6 KB
Accession
0000899243-20-018402
Insider Transaction Report
Form 3
Ignition Acquisition Holdings LP
10% Owner
Holdings
- (indirect: See Footnotes)
Series A Preferred Stock
→ Common Stock (28,169,000 underlying)
Ignition Acquisition Holdings GP LLC
10% Owner
Holdings
- (indirect: See Footnotes)
Series A Preferred Stock
→ Common Stock (28,169,000 underlying)
Ignition GP LLC
10% Owner
Holdings
- (indirect: See Footnotes)
Series A Preferred Stock
→ Common Stock (28,169,000 underlying)
Ignition Parent LP
10% Owner
Holdings
- (indirect: See Footnotes)
Series A Preferred Stock
→ Common Stock (28,169,000 underlying)
Footnotes (3)
- [F1]Reflects Series A Preferred Stock, par value $0.01 per share, of the Issuer ("Series A Preferred Stock"). The Series A Preferred Stock has no stated maturity, and beginning on June 10, 2021, the Series A Preferred Stock will be convertible at the option of the holders thereof into shares of common stock, par value $0.01 per share, of the Issuer ("Common Stock") at an initial conversion price of $17.75 per share of Series A Preferred Stock and an initial conversion rate of 56.3380 shares of Common Stock per share of Series A Preferred Stock, subject to adjustment as provided in the Certificate of Designations of the Series A Preferred Stock. The Issuer may mandatorily convert the Series A Preferred Stock into Common Stock at any time after the three-year anniversary of the issuance, if certain conditions are met.
- [F2]Reflects securities held directly by Ignition Acquisition Holdings LP. Ignition Acquisition Holdings GP LLC is the general partner of Ignition Acquisition Holdings LP. Ignition Parent LP is the sole member of Ignition Acquisition Holdings GP LLC. Ignition GP LLC is the general partner of Ignition Parent LP. Ignition Topco Ltd is the sole member of Ignition GP LLC. Apax X GP Co. Limited, in its capacity as investment manager of the Apax funds, holds 100% of the shares of Ignition Topco Ltd. Apax Guernsey (Holdco) PCC Limited Apax X Cell is the sole parent of Apax X GP Co. Limited.
- [F3]Each of the Reporting Persons may be deemed to beneficially own the securities beneficially owned by Ignition Acquisition Holdings LP directly or indirectly controlled by it, but each (other than Ignition Acquisition Holdings LP to the extent of its direct holdings) disclaims beneficial ownership of such shares, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001816556
Filing Metadata
- Form type
- 3
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 9:21 PM ET
- Size
- 12.6 KB