4//SEC Filing
Kestner Michael T. 4
Accession 0001395942-18-000098
CIK 0001395942other
Filed
Jul 8, 8:00 PM ET
Accepted
Jul 9, 4:59 PM ET
Size
8.4 KB
Accession
0001395942-18-000098
Insider Transaction Report
Form 4
Kestner Michael T.
Director
Transactions
- Award
Phantom Stock
2018-07-05$55.52/sh+85.234$4,732→ 874.799 total→ Common Stock (85.234 underlying)
Holdings
- 5,922
Common Stock
- 12,731
Phantom Stock
→ Common Stock (12,731 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. 2,140 shares of phantom stock were granted on June 4, 2018 at a price of $53.75 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 all shares except 13.4906 are vested, which remaining 13.4906 shares will vest as follows: 3.3727 shares vest on September 4, 2018, 3.3727 shares vest on December 4, 2018, 3.3727 shares vest on March 4, 2019 and the remaining 3.3727 shares vest on June 4, 2019.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001594577
Filing Metadata
- Form type
- 4
- Filed
- Jul 8, 8:00 PM ET
- Accepted
- Jul 9, 4:59 PM ET
- Size
- 8.4 KB