KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Feb 22, 2017
Insider Transaction Report
Form 4
Caruso Thomas J.
President and CEO of ADESA
Transactions
- Tax Payment
Common Stock
2017-02-20$46.48/sh−192$8,924→ 314 total - Exercise/Conversion
Common Stock
2017-02-20+506→ 506 total - Exercise/Conversion
Restricted Stock Units
2017-02-20−506→ 506 total→ Common Stock (506 underlying)
Holdings
- 315
Common Stock
Footnotes (3)
- [F1]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 February 20, 2017.
- [F2]Shares withheld by the Company to satisfy tax withholding requirements.
- [F3]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 February 20, 2016, one-third of these restricted stock units vested on February 20, 2017 and the remaining one-third of these restricted stock units vest on February 20, 2018, assuming continued employment through the applicable vesting date.