4//SEC Filing
KAR Auction Services, Inc. 4
Accession 0001395942-16-000355
$KARCIK 0001395942operating
Filed
Oct 5, 8:00 PM ET
Accepted
Oct 6, 5:28 PM ET
Size
7.9 KB
Accession
0001395942-16-000355
Insider Transaction Report
Form 4
ECTON DONNA R
Director
Transactions
- Award
Phantom Stock
2016-10-04$43.44/sh+72.766$3,161→ 553.61 total→ Common Stock (72.766 underlying)
Holdings
- 10,419
Phantom Stock
→ Common Stock (10,419 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 June 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 her pursuant to the deferred compensation plan.
- [F4]Reflects the reinvestment of dividend equivalents in additonal shares of phantom stock pursuant to the terms of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
- [F5]Reflects dividend payment of which 520.2877 shares are vested and the remaining shares will vest as follows: 11.1072 shares vest on December 7, 2016, 11.1072 shares vest on March 7, 2017 and the remaining 11.1073 shares vest on June 7, 2017.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001395942
Filing Metadata
- Form type
- 4
- Filed
- Oct 5, 8:00 PM ET
- Accepted
- Oct 6, 5:28 PM ET
- Size
- 7.9 KB