BOURELL TODD F 4
4 · KAR Auction Services, Inc. · Filed Oct 5, 2018
Insider Transaction Report
Form 4
BOURELL TODD F
Director
Transactions
- Award
Phantom Stock
2018-10-03$59.55/sh+63.803$3,799→ 610.389 total→ Common Stock (63.803 underlying)
Holdings
- 10,309
Phantom Stock
→ Common Stock (10,309 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 12.6570 are vested, which remaining 12.6570 shares will vest as follows: 4.2190 shares vest on December 4, 2018, 4.2190 shares vest on March 4, 2019 and the remaining 4.2190 shares vest on June 4, 2019.