Lips Paul J 4
4 · ADESA INC · Filed Jun 17, 2004
Insider Transaction Report
Form 4
ADESA INCKAR
Lips Paul J
VP Investor Relations
Transactions
- Award
Restricted Stock Units convertible to Common Stock
2004-06-16+4,980→ 4,980 totalExercise: $0.00→ Common Stock, par value $.01 per share (4,980 underlying) - Award
Option to purchase Common Stock, par value $.01 per share
2004-06-16+79,674→ 79,674 totalExercise: $24.00Exp: 2010-06-16→ Common Stock, par value $.01 per share (79,674 underlying)
Footnotes (3)
- [F1]Options vest and become exercisable with respect to one-third (1/3) of the total grant on each of the first three anniversaries of the date of grant, provided that the executive is employed by ADESA, Inc. on such date.
- [F2]Restricted Stock Units vest on the third anniversary of the date of grant, provided that the executive is employed by ADESA, Inc. on such date at which time they will be converted into shares of ADESA, Inc. common stock or cash, at the election of ADESA, Inc.
- [F3]N/A