4//SEC Filing
KAR Auction Services, Inc. 4
Accession 0001395942-17-000047
$KARCIK 0001395942operating
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 9:49 PM ET
Size
17.0 KB
Accession
0001395942-17-000047
Insider Transaction Report
Form 4
St. Hilaire Stephane
President and CEO of ADESA
Transactions
- Exercise/Conversion
Common Stock
2017-02-23+1,155→ 1,155 total - Tax Payment
Common Stock
2017-02-23$44.80/sh−365$16,352→ 790 total - Award
Restricted Stock Units
2017-02-23+3,464→ 3,464 total→ Common Stock (3,464 underlying) - Exercise/Conversion
Restricted Stock Units
2017-02-23−1,155→ 2,309 total→ Common Stock (1,155 underlying)
Holdings
- 2,024.191
Common Stock
- 72,768
Employee Stock Option (right to buy)
Exercise: $13.46Exp: 2020-03-01→ Common Stock (72,768 underlying) - 38,884
Employee Stock Option (right to buy)
Exercise: $30.89Exp: 2024-02-27→ Common Stock (38,884 underlying) - 1,072
Restricted Stock Units
→ Common Stock (1,072 underlying)
Footnotes (9)
- [F1]Includes 597.1912 shares acquired (including 4.2121 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan on November 30, 2016.
- [F2]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.
- [F3]Shares withheld by the Company to satisfy tax withholding requirements.
- [F4]19,442 of these options are currently exercisable, 9,721 of these options become exercisable on February 27, 2017 and the remaining 9,721 options become exercisable on February 27, 2018, assuming continued employment through the applicable vesting date.
- [F5]All of these options are currently exercisable.
- [F6]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [F7]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.
- [F8]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.
- [F9]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.
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, 9:49 PM ET
- Size
- 17.0 KB