4//SEC Filing
St-Hilaire Stephane 4
Accession 0001395942-18-000035
CIK 0001395942other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 6:00 PM ET
Size
15.3 KB
Accession
0001395942-18-000035
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.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001592827
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 6:00 PM ET
- Size
- 15.3 KB