KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Apr 6, 2017
Insider Transaction Report
Form 4
ECTON DONNA R
Director
Transactions
- Award
Phantom Stock
2017-04-04$42.19/sh+83.821$3,536→ 716.14 total→ Common Stock (83.821 underlying)
Holdings
- 10,419
Phantom Stock
→ Common Stock (10,419 underlying)
Footnotes (5)
- [F1]The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- [F2]Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. Shares of restricted stock were granted on June 8, 2016 at a price of $41.30 per share and will be settled only for shares of KAR common stock on a one-for-one basis. These shares of restricted stock were granted pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and one-fourth of the grant vests every three months from the date of the grant and such grant is subject to forfeiture until vested.
- [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]Reflects the reinvestment of dividend equivalents in additonal shares of phantom stock pursuant to the terms of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
- [F5]Reflects dividend payment of which 694.5784 shares are vested and the remaining 21.5619 shares will vest on June 7, 2017.