4//SEC Filing
CARMAX INC 4
Accession 0001170010-16-000088
$KMXCIK 0001170010operating
Filed
Apr 13, 8:00 PM ET
Accepted
Apr 14, 5:02 PM ET
Size
8.6 KB
Accession
0001170010-16-000088
Insider Transaction Report
Form 4
CARMAX INCKMX
WYATT NATALIE L
AVP/Principal Acctg Officer
Transactions
- Award
Restricted Stock Units
2016-04-12+1,631→ 1,631 totalExercise: $0.00→ Common Stock - Award
Stock Options (Right to Buy)
2016-04-12+22,073→ 22,073 totalExercise: $51.63Exp: 2023-04-12→ Common Stock (22,073 underlying)
Footnotes (4)
- [F1]Shares of Company common stock will be issued to the Reporting Person following vesting of the restricted stock units, which are referred to by the Company as market stock units (MSUs), in accordance with the terms of the Form of Notice of Market Stock Unit Grant filed as Exhibit 10.2 to the Company's Current Report on Form 8-K filed on January 26, 2015. The minimum number of shares of Company common stock that will be issued to the Reporting Person at payment is zero, and the maximum number of shares of Company common stock that will be issued at payment is two times the number of MSUs.
- [F2]The restricted stock units shall vest on April 12, 2019.
- [F3]The stock options were granted in tandem with stock appreciation rights (SARS). Accordingly, the exercise of one results in the surrender to the Company of the other. The SARS become exercisable only following a change in control of the Company as set forth in the Company's 2002 Stock Incentive Plan, as amended and restated. Once exercisable, the SARS would entitle the Reporting Person to receive the cash value of the options in lieu of exercising the options.
- [F4]The stock options become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of April 12, 2017, April 12, 2018, April 12, 2019 and April 12, 2020.
Documents
Issuer
CARMAX INC
CIK 0001170010
Entity typeoperating
IncorporatedVA
Related Parties
1- filerCIK 0001170010
Filing Metadata
- Form type
- 4
- Filed
- Apr 13, 8:00 PM ET
- Accepted
- Apr 14, 5:02 PM ET
- Size
- 8.6 KB