KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Jan 6, 2016
Insider Transaction Report
Form 4
FORMANEK PETER R
Director
Transactions
- Award
Common Stock
2016-01-04$36.92/sh+170$6,276→ 38,984 total
Footnotes (2)
- [F1]These shares of common stock were issued on 1/4/2016 to the reporting person pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and 50% will vest on March 9, 2016 and the remaining 50% will vest on June 8, 2016.
- [F2]2,620 of these shares are shares of restricted stock that 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 (June 3, 2015) and such grant is subject to forfeiture until vested.