KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Jul 7, 2016
Insider Transaction Report
Form 4
Jolliffe Lynn
Director
Transactions
- Award
Phantom Stock
2016-07-05$41.49/sh+42.439$1,761→ 326.17 total→ Common Stock (42.439 underlying)
Holdings
- 2,955
Common Stock
- 5,788
Phantom Stock
→ Common Stock (5,788 underlying)
Footnotes (6)
- [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 her 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.
- [F6]Reflects dividend payment of which all shares are vested.