4//SEC Filing
Hill Mark E 4
Accession 0001395942-19-000002
CIK 0001395942other
Filed
Jan 7, 7:00 PM ET
Accepted
Jan 8, 1:42 PM ET
Size
9.4 KB
Accession
0001395942-19-000002
Insider Transaction Report
Form 4
Hill Mark E
Director
Transactions
- Award
Phantom Stock
2019-01-04$46.91/sh+108.398$5,085→ 1,159.872 total→ Common Stock (108.398 underlying)
Holdings
- 800(indirect: Family Member's Brokerage Account)
Common Stock
- 13,477
Phantom Stock
→ Common Stock (13,477 underlying) - 29,700
Common Stock
Footnotes (5)
- [F1]The shares are held in a family member's brokerage account, over which the reporting person holds a power of attorney. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F2]The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- [F3]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.
- [F4]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.
- [F5]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 16.1618 are vested, which remaining 16.1618 shares will vest as follows: 8.0809 shares vest on March 4, 2019 and the remaining 8.0809 shares vest on June 4, 2019.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001291222
Filing Metadata
- Form type
- 4
- Filed
- Jan 7, 7:00 PM ET
- Accepted
- Jan 8, 1:42 PM ET
- Size
- 9.4 KB