HOWELL J MARK 4
4 · KAR Auction Services, Inc. · Filed Apr 6, 2018
Insider Transaction Report
Form 4
HOWELL J MARK
Director
Transactions
- Award
Common Stock
2018-04-04$54.64/sh+63.918$3,492→ 603.405 total→ Common Stock (63.918 underlying)
Holdings
- 9,439
Common Stock
→ Common Stock (9,439 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 579.3931 shares are vested and the remaining shares will vest on June 5, 2018.