4//SEC Filing
KAR Auction Services, Inc. 4
Accession 0001395942-16-000287
$KARCIK 0001395942operating
Filed
Apr 6, 8:00 PM ET
Accepted
Apr 7, 9:57 PM ET
Size
8.4 KB
Accession
0001395942-16-000287
Insider Transaction Report
Form 4
BOURELL TODD F
Director
Transactions
- Award
Common Stock
2016-04-05$38.30/sh+21.577$826→ 21.577 total→ Common Stock (21.577 underlying)
Holdings
- 2,849.631
Common Stock
→ Common Stock (2,849.631 underlying)
Footnotes (6)
- [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.
- [F4]Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. 170 of these shares of restricted stock were granted on 1/4/2016 at a price of $36.92 per share and will be settled only for shares of KAR common stock on a one-for-one basis. These 170 shares of restricted stock were granted pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and 50% vested on March 9, 2016 and the remaining 50% will vest on June 8, 2016 and such grant is subject to forfeiture until vested.
- [F5]Reflects the reinvestment of dividend equivalents in additional shares of phantom stock pursuant to the terms of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
- [F6]Reflects dividend payments, of which all shares are vested other than 5.7160 which will vest on 6/2/2016.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001395942
Filing Metadata
- Form type
- 4
- Filed
- Apr 6, 8:00 PM ET
- Accepted
- Apr 7, 9:57 PM ET
- Size
- 8.4 KB