KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Nov 7, 2013
Insider Transaction Report
Form 4
Moore Church M
Director10% Owner
Transactions
- Other
Common Stock
2013-11-05+7,296→ 7,296 total
Holdings
- 11,902,599(indirect: By LLC)
Common Stock
Footnotes (4)
- [F1]Reflects an in-kind distribution of shares of common stock of KAR Auction Services, Inc. from KAR Holdings II, LLC ("KAR LLC") and Axle Holdings II, LLC ("Axle LLC") to KEP VI, LLC ("KEP VI"). In connection with such in-kind distribution, common units held by the reporting person in KEP VI were redeemed.
- [F2]Includes (i) 4,856,106 shares of common stock held of record by KAR LLC (which are attributable to Axle LLC), by virtue of Kelso Investment Associates VII, L.P.'s ("KIA VII") ownership interest in Axle LLC, (ii) 1,200,112 shares of common stock held of record by KAR LLC (which are attributable to Axle LLC), by virtue of KEP VI's ownership interest in Axle LLC, (iii) 4,689,993 shares of common stock held of record by KAR LLC, by virtue of KIA VII's ownership interest in KAR LLC and (iv) 1,156,388 shares of common stock held of record by KAR LLC, by virtue of KEP VI's ownership interest in KAR LLC.
- [F3]Kelso GP VII, LLC ("GP VII LLC") is the general partner of Kelso GP VII, L.P. ("GP VII LP"). GP VII LP is the general partner of KIA VII. Each of GP VII LLC, GP VII LP and KIA VII disclaims beneficial ownership of the securities owned of record by KAR LLC, except to the extent of their respective pecuniary interests therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or for any other purposes.
- [F4]The reporting person may be deemed to share beneficial ownership of securities owned of record or beneficially owned by GP VII LLC, GP VII LP, KIA VII, KEP VI and KAR LLC, by virtue of his status as managing members of GP VII LLC and KEP VI, but disclaims beneficial ownership of such securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purposes.