ADESA INC 4

4 · ADESA INC · Filed Feb 17, 2005

Form 4

Period: 2005-02-15

EVP, Gen Counsel & Secetary

Transactions

Award
Restricted Stock Units convertible to Common Stock
2005-02-15+602→ 7,266.782 total
Exercise: $0.00→ Common Stock, par value $.01 per share (602 underlying)
Award
Restricted Stock Units convertible to Common Stock
2005-02-15+3,319→ 10,585.782 total
Exercise: $0.00→ Common Stock (3,319 underlying)
Award
Options to Purchase Common Stock, par value $.01 per share
2005-02-15+53,116→ 159,348 total
Exercise: $24.00Exp: 2011-02-15→ Common Stock, par value $.01 per share (53,116 underlying)

Footnotes (4)

[F1]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.
[F2]N/A
[F3]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 IPO date (06/16/04), provided that the executive is employed by ADESA, Inc. on such date.
[F4]Restricted Stock Units vest on June 16, 2007, 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.

Documents

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