4//SEC Filing
Kestner Michael T. 4
Accession 0001395942-17-000107
CIK 0001395942other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 4:50 PM ET
Size
8.4 KB
Accession
0001395942-17-000107
Insider Transaction Report
Form 4
Kestner Michael T.
Director
Transactions
- Award
Phantom Stock
2017-10-03$48.50/sh+73.621$3,571→ 640.842 total→ Common Stock (73.621 underlying)
Holdings
- 5,922
Common Stock
- 10,591
Phantom Stock
→ Common Stock (10,591 underlying)
Footnotes (4)
- [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. 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.
- [F3]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.
- [F4]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 608.3451 shares are vested and the remaining shares will vest as follows: 10.8322 shares vest on December 5, 2017, 10.8322 shares vest on March 5, 2018 and the remaining 10.8324 shares vest on June 5, 2018.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001594577
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 4:50 PM ET
- Size
- 8.4 KB