KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Jun 5, 2015
Insider Transaction Report
Form 4
BOURELL TODD F
Director
Transactions
- Award
Common Stock
2015-06-03$38.18/sh+2,620$100,032→ 2,620 total→ Common Stock (2,620 underlying)
Footnotes (3)
- [F1]The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- [F2]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.
- [F3]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 6/3/2015 at a price of $38.18 per share and will be settled only for shares of KAR common stock on a one-for-one basis. These 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 the grant and such grant is subject to forfeiture until vested.