Munce Cheryl A 4
4 · ADESA INC · Filed Sep 22, 2004
Insider Transaction Report
Form 4
ADESA INCKAR
Transactions
- Other
Common Stock, par value $.01 per share
2004-09-20+1,385→ 1,385 total - Conversion
Option to Purchase Common Stock, par value $.01 per share
2004-09-20+2,658→ 5,797 totalExercise: $15.75Exp: 2012-01-02→ Common Stock, par value $.01 per share (2,658 underlying) - Conversion
Common Stock, par value $.01 per share
2004-09-20+779.044→ 2,164.044 total - Conversion
Options to Purchase Common Stock, par value $.01 per share
2004-09-20+2,658→ 8,455 totalExercise: $12.58Exp: 2013-02-03→ Common Stock, par value $.01 per share (2,658 underlying) - Conversion
Option to Purchase Common Stock, par value $.01 per share
2004-09-20+3,139→ 3,139 totalExercise: $14.49Exp: 2011-01-02→ Common Stock, par value $.01 per share (3,139 underlying)
Footnotes (6)
- [F1]ADESA, Inc. ("ADESA") shares of common stock were acquired in an exempt transaction under Rule 16a-9(a) in connection with the spin-off of ADESA from ALLETE, Inc. ("ALLETE") on September 20, 2004.
- [F2]ADESA grants converted from ALLETE grants in connection with the spin-off of ADESA from ALLETE on September 20, 2004. These grants shall vest and become exercisable on February 15, 2005.
- [F3]ADESA stock options converted from ALLETE stock options in connection with the spin-off of ADESA from ALLETE on September 20, 2004.
- [F4]One-half (1/2) of the total grant vested and became exercisable on January 2, 2002 and the remaining one-half (1/2) of the grant vested and became exercisable on January 2, 2003.
- [F5]One-half (1/2) of the total grant vested and became exercisable on January 2, 2003, and the remaining one-half (1/2) of the grant vested and became exercisable on January 2, 2004.
- [F6]One-half (1/2) of the total grant vested and became exercisable on February 3, 2004 and the remaining one-half (1/2) of the grant shall vest and become exercisable on February 3, 2005.