4//SEC Filing
KAR Auction Services, Inc. 4
Accession 0001395942-17-000091
$KARCIK 0001395942operating
Filed
Jul 9, 8:00 PM ET
Accepted
Jul 10, 9:02 PM ET
Size
9.5 KB
Accession
0001395942-17-000091
Insider Transaction Report
Form 4
Hill Mark E
Director
Transactions
- Award
Phantom Stock
2017-07-06$40.83/sh+93.119$3,802→ 637.49 total→ Common Stock (93.119 underlying)
Holdings
- 29,700
Common Stock
- 800(indirect: Family Member's Brokerage Account)
Common Stock
- 11,337
Phantom Stock
→ Common Stock (11,337 underlying)
Footnotes (5)
- [F1]The shares are held in a family member's brokerage account, over which the reporting person holds a power of attorney. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F2]The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- [F3]Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. 2,594 shares of phantom stock were granted on June 5, 2017 at a price of $44.34 per share pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and will be settled only for shares of KAR common stock on a one-for-one basis. One-fourth of this grant vests every three months from the date of the grant and such grant is subject to forfeiture until vested. All other shares of phantom stock are vested.
- [F4]The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by him subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
- [F5]Reflects the reinvestment of dividend equivalents in additional shares of phantom stock pursuant to the KAR Auction Services, Inc. Directors Deferred Compensation Plan, of which 617.1602 shares are vested and the remaining shares will vest as follows: 5.0825 shares vest on September 5, 2017, 5.0825 shares vest on December 5, 2017, 5.0825 shares vest on March 5, 2018 and the remaining 5.0826 shares vest on June 5, 2018.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001395942
Filing Metadata
- Form type
- 4
- Filed
- Jul 9, 8:00 PM ET
- Accepted
- Jul 10, 9:02 PM ET
- Size
- 9.5 KB