KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Feb 23, 2016
Insider Transaction Report
Form 4
Caruso Thomas J.
President and CEO of ADESA
Transactions
- Exercise/Conversion
Restricted Stock Units
2016-02-20−507→ 1,012 total→ Common Stock (507 underlying) - Exercise/Conversion
Common Stock
2016-02-20+507→ 507 total - Purchase
Common Stock
2016-02-20$33.90/sh−192$6,509→ 315 total
Holdings
- 25,000
Employee Stock Option (right to buy)
Exercise: $14.44Exp: 2021-02-25→ Common Stock (25,000 underlying) - 33,585
Employee Stock Option (right to buy)
Exercise: $13.46Exp: 2020-03-01→ Common Stock (33,585 underlying) - 10,275
Employee Stock Option (right to buy)
Exercise: $16.68Exp: 2018-08-19→ Common Stock (10,275 underlying)
Footnotes (4)
- [F1]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on 2/20/16.
- [F2]Shares withheld by the Company to satisfy minimum tax withholding requirements.
- [F3]All shares are currently exercisable.
- [F4]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vest on 2/20/2016, one-third of these restricted stock units vest on 2/20/2017 and the remaining one-third of these restricted stock units vest on 2/20/2018, assuming continued employment through the applicable vesting date.