WARD JONATHAN P 4
4 · KAR Auction Services, Inc. · Filed Apr 5, 2013
Insider Transaction Report
Form 4
WARD JONATHAN P
Director
Transactions
- Award
Phantom Stock
2012-12-28$19.82/sh+84$1,665→ 84 totalExercise: $0.00→ Common Stock (84 underlying) - Award
Phantom Stock
2013-04-04$19.81/sh+84$1,664→ 84 totalExercise: $0.00→ Common Stock (84 underlying)
Holdings
- 7,572
Common Stock
- 8,665
Phantom Stock
Exercise: $0.00→ Common Stock (4,778 underlying)
Footnotes (4)
- [F1]The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- [F2]Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. Shares of restricted stock were granted on May 17, 2012 at a price of $15.70 per share and will be settled only for shares of KAR common stock on a one-for-one basis. These 4,778 shares of restricted stock were granted pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and one-fourth of the grant vests every three months from the date of grant (May 17, 2012) and such grant is subject to forfeiture until vested.
- [F3]The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by him pursuant to the deferred compensation plan.
- [F4]Reflects the reinvestment of dividend equivalents in additional shares of phantom stock pursuant to the terms of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.