4//SEC Filing
POLAK REBECCA C. 4
Accession 0001395942-19-000083
CIK 0001395942other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 8:41 PM ET
Size
15.4 KB
Accession
0001395942-19-000083
Insider Transaction Report
Form 4
POLAK REBECCA C.
EVP, Gen. Counsel & Secretary
Transactions
- Award
Restricted Stock Units
2019-06-28+14,624.73→ 14,624.73 total→ Common Stock (14,624.73 underlying) - Award
Restricted Stock Units
2019-06-28+12,981.49→ 12,981.49 total→ Common Stock (12,981.49 underlying)
Holdings
- 57,368.234
Common Stock
- 1,520
Restricted Stock Units
→ Common Stock (1,520 underlying) - 4,788
Restricted Stock Units
→ Common Stock (4,788 underlying) - 2,776
Restricted Stock Units
→ Common Stock (2,776 underlying) - 34,996
Employee Stock Option (right to buy)
Exercise: $30.89Exp: 2024-02-27→ Common Stock (34,996 underlying)
Footnotes (8)
- [F1]All of these options are currently exercisable.
- [F2]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [F3]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vested on February 24, 2018, one-third of these restricted stock units vested on February 24, 2019 and the remaining one-third of these restricted stock units vest on February 24, 2020, assuming continued employment through the applicable vesting date.
- [F4]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vested on March 2, 2019, one-third of these restricted stock units vest on March 2, 2020 and the remaining one-third of these restricted stock units vest on March 2, 2021, assuming continued employment through the applicable vesting date.
- [F5]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vest on February 22, 2020, one-third of these restricted stock units vest on February 22, 2021 and the remaining one-third of these restricted stock units vest on February 22, 2022, assuming continued employment through the applicable vesting date.
- [F6]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on February 24, 2020, assuming continued employment through the applicable vesting date.
- [F7]In connection with the Company's separation of IAA, Inc. into an independent publicly-traded company, certain previously-issued performance restricted stock units held by the reporting person, which were subject to performance-based vesting conditions (as described in further detail in the Company's annual proxy statement filed with the SEC on April 24, 2019) were converted at the target level of performance into restricted stock units subject only to the service-based vesting conditions described in this Form 4.
- [F8]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on March 2, 2021, assuming continued employment through the applicable vesting date.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001478001
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 8:41 PM ET
- Size
- 15.4 KB