Phillips Curtis L 4
4 · ADESA INC · Filed Apr 28, 2005
Insider Transaction Report
Form 4
ADESA INCKAR
Phillips Curtis L
Treasurer
Transactions
- Award
Restricted Stock Units convertible to Common Stock
2005-04-26+2,490→ 2,490 totalExercise: $0.00→ Common Stock (2,490 underlying) - Award
Option to Purchase Common Stock (right to buy)
2005-04-26+39,837→ 39,837 totalExercise: $24.00Exp: 2011-04-26→ Common Stock (39,837 underlying)
Holdings
- 5,541
Option to Purchase Common Stock (right to buy)
Exercise: $15.75Exp: 2012-01-02→ Common Stock (5,541 underlying) - 9,304
Option to Purchase Common Stock (right to buy)
Exercise: $24.00Exp: 2010-06-16→ Common Stock (9,304 underlying) - 11,832
Option to Purchase Common Stock (right to buy)
Exercise: $22.44Exp: 2011-02-15→ Common Stock (11,832 underlying) - 2,740
Option to Purchase Common Stock (right to buy)
Exercise: $14.49Exp: 2011-01-02→ Common Stock (2,740 underlying) - 7,770.021
Common Stock
Footnotes (7)
- [F1]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.
- [F2]N/A
- [F3]Immediately exercisable.
- [F4]On March 9, 2005, the Board of Directors of ADESA, Inc. approved resolutions to accelerate the vesting of certain unvested and "out-of-the-money" stock options granted under the ADESA, Inc. 2004 Equity and Incentive Plan.
- [F5]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.
- [F6]The grant vested and became exercisable on January 2, 2003.
- [F7]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.