KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Jan 10, 2017
Insider Transaction Report
Form 4
Jolliffe Lynn
Director
Transactions
- Award
Phantom Stock
2017-01-06$44.61/sh+44.151$1,970→ 411.139 total→ Common Stock (44.151 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 June 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.