KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Aug 15, 2013
Insider Transaction Report
Form 4
Clingen Brian T.
DirectorChairman of the Board
Transactions
- Sale
Common Stock
2013-08-13$24.25/sh−223,214$5,412,940→ 541,908 total(indirect: By LLC)
Footnotes (2)
- [F1]Reflects sales of shares of common stock of KAR Auction Services, Inc. in a secondary offering by KAR Holdings II, LLC that closed on August 13, 2013.
- [F2]Includes (i) 148,795 shares of common stock held of record by KAR Holdings II, LLC (which are attributable to Axle Holdings II, LLC), by virtue of the reporting person's common ownership interest in Axle Holdings II, LLC and (ii) 393,113 shares of common stock held of record by KAR Holdings II, LLC, by virtue of the reporting person's common ownership interest in KAR Holdings II, LLC. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.