KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Jul 7, 2016
Insider Transaction Report
Form 4
BOURELL TODD F
Director
Transactions
- Award
Common Stock
2016-07-05$41.49/sh+39.535$1,640→ 61.112 total→ Common Stock (39.535 underlying)
Holdings
- 2,806.577
Common Stock
→ Common Stock (2,806.577 underlying)
Footnotes (5)
- [F1]The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- [F2]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 6/8/2016 at a price of $41.30 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.
- [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]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.
- [F5]Reflects dividend payment of which 20.0687 shares are vested and the remaining shares will vest as follows: 4.8665 shares vest on 9/7/2016, 4.8665 shares vest on 12/7/2016, 4.8665 shares vest on 3/7/2017 and the remaining 4.8666 shares vest on 6/7/2017.