Jolliffe Lynn 4
4 · KAR Auction Services, Inc. · Filed Jun 19, 2019
Insider Transaction Report
Form 4
Jolliffe Lynn
Director
Transactions
- Award
Phantom Stock
2019-06-17$60.07/sh+38.403$2,307→ 841.668 total→ Common Stock (38.403 underlying)
Holdings
- 7,689
Common Stock
- 8,018
Phantom Stock
→ Common Stock (8,018 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. 2,230 shares of phantom stock were granted on June 4, 2019 at a price of $58.31 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. This grant vests on June 4, 2020, and 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 her 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 terms of the KAR Auction Services, Inc. Directors Deferred Compensation Plan. All shares are vested.