Jolliffe Lynn 4
4 · KAR Auction Services, Inc. · Filed Jun 6, 2018
Insider Transaction Report
Form 4
Jolliffe Lynn
Director
Transactions
- Award
Common Stock
2018-06-04$53.75/sh+2,140$115,025→ 7,689 total
Holdings
- 5,788
Phantom Stock
→ Common Stock (5,788 underlying) - 632.55
Phantom Stock
→ Common Stock (632.55 underlying)
Footnotes (5)
- [F1]2,140 of these shares were issued on June 4, 2018 to the reporting person as director fees and were issued pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and one-fourth of the 2,140 shares vest every three months from the date issued and are subject to forfeiture until vested.
- [F2]The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- [F3]The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by her subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
- [F4]Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
- [F5]Reflects the reinvestment of dividend equivalents in additional shares of phantom stock pursuant to the terms of the KAR Auction Services, Inc. Directors Deferred Compensation Plan. All shares are vested.