KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Jun 16, 2016
Insider Transaction Report
Form 4
Byrd Warren W
EVP of Corp Dev & Real Estate
Transactions
- Exercise/Conversion
Common Stock
2016-06-15$10.00/sh+17,950$179,500→ 17,950 total - Sale
Common Stock
2016-06-14$40.06/sh−10,028$401,738→ 0 total - Sale
Common Stock
2016-06-15$40.03/sh−17,950$718,542→ 0 total - Exercise/Conversion
Common Stock
2016-06-14$10.00/sh+10,028$100,280→ 10,028 total - Award
Employee Stock Options (right to buy)
2016-06-14$10.00/sh−27,978$279,780→ 0 totalExercise: $10.00Exp: 2017-08-20→ Common Stock (27,978 underlying)
Holdings
- 366
Common Stock
- 1,161
Restricted Stock Units
→ Common Stock (1,161 underlying)
Footnotes (7)
- [F1]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.1900 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]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.0302 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.
- [F3]10,028 shares were exercised on 6/14/16 and 17,950 shares were exercised on 6/15/16.
- [F4]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.
- [F5]These options are currently exercisable.
- [F6]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.
- [F7]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.