KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Jun 10, 2016
Insider Transaction Report
Form 4
Smith Stephen E.
Director
Transactions
- Award
Common Stock
2016-06-08$41.30/sh+2,785$115,020→ 2,955 total
Holdings
- 7,464
Phantom Stock
→ Common Stock (7,464 underlying) - 403.899
Phantom Stock
→ Common Stock (403.899 underlying)
Footnotes (5)
- [F1]These shares of common stock were issued on 6/8/2016 to the reporting person as director fees and were issued pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and one-fourth of the shares vest every three months from the date issued and are subject to forfeiture until vested.
- [F2]The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- [F3]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.
- [F4]Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
- [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.