4//SEC Filing
Gottwald Donald S. 4
Accession 0001395942-19-000089
CIK 0001395942other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 8:48 PM ET
Size
14.3 KB
Accession
0001395942-19-000089
Insider Transaction Report
Form 4
Gottwald Donald S.
President and CEO of AFC
Transactions
- Award
Restricted Stock Units
2019-06-28+14,708.62→ 14,708.62 total→ Common Stock (14,708.62 underlying) - Award
Restricted Stock Units
2019-06-28+17,950.72→ 17,950.72 total→ Common Stock (17,950.72 underlying)
Holdings
- 1,865
Restricted Stock Units
→ Common Stock (1,865 underlying) - 3,145
Restricted Stock Units
→ Common Stock (3,145 underlying) - 3,321
Restricted Stock Units
→ Common Stock (3,321 underlying) - 38,605.381
Common Stock
Footnotes (8)
- [F1]Includes 1,726.488 shares acquired (including 98.284 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan.
- [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 0001478000
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 8:48 PM ET
- Size
- 14.3 KB