4//SEC Filing
KAR Auction Services, Inc. 4
Accession 0001395942-17-000037
$KARCIK 0001395942operating
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 9:29 PM ET
Size
13.8 KB
Accession
0001395942-17-000037
Insider Transaction Report
Form 4
Caruso Thomas J.
President and CEO of ADESA
Transactions
- Exercise/Conversion
Common Stock
2017-02-23+504→ 504 total - Award
Restricted Stock Units
2017-02-23+1,510→ 1,510 total→ Common Stock (1,510 underlying) - Tax Payment
Common Stock
2017-02-23$44.80/sh−196$8,781→ 308 total - Exercise/Conversion
Restricted Stock Units
2017-02-23−504→ 1,006 total→ Common Stock (504 underlying)
Holdings
- 629
Common Stock
- 506
Restricted Stock Units
→ Common Stock (506 underlying)
Footnotes (6)
- [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 23, 2017.
- [F2]Shares withheld by the Company to satisfy tax withholding requirements.
- [F3]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [F4]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.
- [F5]The compensation committee certified on February 23, 2017 that the Company achieved the 2016 net income performance goal for the restricted stock unit awards granted in 2016 under the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan. 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 23, 2017, one-third of these restricted stock units vest on February 22, 2018 and the remaining one-third of these restricted stock units vest on February 22, 2019, assuming continued employment through the applicable vesting date.
- [F6]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 23, 2017, one-third of these restricted stock units vest on February 22, 2018 and the remaining one-third of these restricted stock units vest on February 22, 2019.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001395942
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 9:29 PM ET
- Size
- 13.8 KB