4//SEC Filing
KAR Auction Services, Inc. 4
Accession 0001395942-16-000317
$KARCIK 0001395942operating
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 7:03 PM ET
Size
20.5 KB
Accession
0001395942-16-000317
Insider Transaction Report
Form 4
Caruso Thomas J.
President and CEO of ADESA
Transactions
- Sale
Common Stock
2016-06-29$41.14/sh−13,585$558,831→ 0 total - Sale
Common Stock
2016-06-29$41.14/sh−25,000$1,028,398→ 0 total - Award
Employee Stock Option (right to buy)
2016-06-29$13.46/sh−13,585$182,854→ 0 totalExercise: $13.46Exp: 2020-03-01→ Common Stock (13,585 underlying) - Exercise/Conversion
Common Stock
2016-06-29$13.46/sh+13,585$182,854→ 13,585 total - Exercise/Conversion
Common Stock
2016-06-29$14.44/sh+25,000$361,000→ 25,000 total - Sale
Common Stock
2016-06-29$41.14/sh−10,275$422,671→ 0 total - Award
Employee Stock Option (right to buy)
2016-06-29$14.44/sh−25,000$361,000→ 0 totalExercise: $14.44Exp: 2021-02-25→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2016-06-29$16.67/sh+10,275$171,253→ 10,275 total - Award
Employee Stock Option (right to buy)
2016-06-29$16.67/sh−10,275$171,253→ 0 totalExercise: $16.68Exp: 2018-08-19→ Common Stock (10,275 underlying)
Holdings
- 315
Common Stock
- 1,012
Restricted Stock Units
→ Common Stock (1,012 underlying)
Footnotes (4)
- [F1]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.00 to $41.29 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]All shares are currently exercisable.
- [F3]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.
- [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 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
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 7:03 PM ET
- Size
- 20.5 KB