St-Hilaire Stephane 4
4 · KAR Auction Services, Inc. · Filed Feb 22, 2018
Insider Transaction Report
Form 4
St. Hilaire Stephane
President and CEO of ADESA
Transactions
- Exercise/Conversion
Restricted Stock Units
2018-02-20−1,072→ 0 total→ Common Stock (1,072 underlying) - Exercise/Conversion
Common Stock
2018-02-20+1,072→ 25,326.99 total - Tax Payment
Common Stock
2018-02-20$50.49/sh−422$21,307→ 24,904.99 total
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) - 3,241
Restricted Stock Units
→ Common Stock (3,241 underlying) - 38,884
Employee Stock Option (right to buy)
Exercise: $30.89Exp: 2024-02-27→ Common Stock (38,884 underlying)
Footnotes (9)
- [F1]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on February 20, 2018.
- [F2]Includes 1,199.1733 shares acquired (including 33.7188 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan.
- [F3]Shares withheld by the Company to satisfy tax withholding requirements.
- [F4]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.
- [F5]All of these options are currently exercisable.
- [F6]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [F7]These restricted stock units were subject to a time-vesting requirement and vested and settled 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 vested on February 20, 2018.
- [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 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.
- [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 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.