4//SEC Filing
St-Hilaire Stephane 4
Accession 0001395942-18-000013
CIK 0001395942other
Filed
Feb 7, 7:00 PM ET
Accepted
Feb 8, 8:53 PM ET
Size
16.0 KB
Accession
0001395942-18-000013
Insider Transaction Report
Form 4
St. Hilaire Stephane
President and CEO of ADESA
Transactions
- Award
Common Stock
2018-02-06+14,043.653→ 28,545.99 total - Tax Payment
Common Stock
2018-02-06$51.04/sh−4,291$219,013→ 24,254.99 total - Award
Restricted Stock Units
2018-02-06+3,241→ 3,241 total→ Common Stock (3,241 underlying)
Holdings
- 2,309
Restricted Stock Units
→ Common Stock (2,309 underlying) - 72,768
Employee Stock Option (right to buy)
Exercise: $13.46Exp: 2020-03-01→ Common Stock (72,768 underlying) - 1,072
Restricted Stock Units
→ Common Stock (1,072 underlying) - 38,884
Employee Stock Option (right to buy)
Exercise: $30.89Exp: 2024-02-27→ Common Stock (38,884 underlying)
Footnotes (10)
- [F1]The number of performance-based restricted stock units that vested 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, 2015 and ending on December 31, 2017.
- [F10]The compensation committee certified on February 6, 2018 that the Company achieved the 2017 net income performance goal for the restricted stock unit awards granted in 2017 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 vest on February 24, 2018, one-third of these restricted stock units vest on February 24, 2019 and the remaining one-third of these restricted stock units vest on February 24, 2020, assuming continued employment through the applicable vesting date.
- [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 February 6, 2018.
- [F3]Includes 1,199.1733 shares acquired (including 33.7188 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan.
- [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 typeother
Related Parties
1- filerCIK 0001592827
Filing Metadata
- Form type
- 4
- Filed
- Feb 7, 7:00 PM ET
- Accepted
- Feb 8, 8:53 PM ET
- Size
- 16.0 KB