4//SEC Filing
KAR Auction Services, Inc. 4
Accession 0001395942-17-000055
$KARCIK 0001395942operating
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 2:08 PM ET
Size
13.5 KB
Accession
0001395942-17-000055
Insider Transaction Report
Form 4
St. Hilaire Stephane
President and CEO of ADESA
Transactions
- Tax Payment
Common Stock
2017-03-07$44.72/sh−4,487$200,659→ 13,920.355 total - Award
Common Stock
2017-03-07+15,593.164→ 18,407.355 total
Holdings
- 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) - 72,768
Employee Stock Option (right to buy)
Exercise: $13.46Exp: 2020-03-01→ Common Stock (72,768 underlying) - 2,309
Restricted Stock Units
→ Common Stock (2,309 underlying)
Footnotes (9)
- [F1]The number of performance-based restricted stock units that vested was determined as follows: (1) fifty percent was determined based on the Company's total stockholder return relative to that of companies within the S&P 500 Index over a three-year period from February 27, 2014 through February 27, 2017; and (2) fifty percent was determined based on the Company's cumulative adjusted net income per share exceeding certain levels over the three-year period beginning on January 1, 2014 and ending on December 31, 2016.
- [F2]Each performance-based restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The performance-based restricted stock units vested into common stock on March 7, 2017.
- [F3]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.
- [F4]Shares withheld by the Company to satisfy tax withholding requirements.
- [F5]29,163 of these options are currently exercisable and the remaining 9,721 options become exercisable on February 27, 2018, assuming continued employment through the applicable vesting date.
- [F6]All of these options are currently exercisable.
- [F7]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [F8]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.
- [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
- Mar 8, 7:00 PM ET
- Accepted
- Mar 9, 2:08 PM ET
- Size
- 13.5 KB