4//SEC Filing
KAR Auction Services, Inc. 4
Accession 0001395942-16-000294
$KARCIK 0001395942operating
Filed
May 10, 8:00 PM ET
Accepted
May 11, 9:55 PM ET
Size
11.4 KB
Accession
0001395942-16-000294
Insider Transaction Report
Form 4
Byrd Warren W
EVP of Corp Dev & Real Estate
Transactions
- Exercise/Conversion
Common Stock
2016-05-09$10.00/sh+1,300$13,000→ 1,300 total - Sale
Common Stock
2016-05-09$39.45/sh−1,300$51,279→ 0 total - Award
Employee Stock Options (right to buy)
2016-05-09$10.00/sh−1,300$13,000→ 31,678 totalExercise: $10.00Exp: 2017-08-20→ Common Stock (1,300 underlying)
Holdings
- 1,161
Restricted Stock Units
→ Common Stock (1,161 underlying) - 366
Common Stock
Footnotes (5)
- [F1]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.4000 to $39.5000 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]An additional condition to vesting is that the reporting person must be a director, officer, employee, consultant or agent of the Company or any of its subsidiaries on the date on which the conditions set forth above are satisfied.
- [F3]31,678 of these options are currently exercisable.
- [F4]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.
- [F5]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 vested 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.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001395942
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 9:55 PM ET
- Size
- 11.4 KB